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Email of the Day: Comfort Capitalists

Anonymous VC writes: “A comfort capitalist is a venture capitalist who has no idea what to do in the downturn. His true colors of not knowing anything — or having never done anything — are now revealed and cannot help companies plan through the mess. He is too scared to take a venture into a new deal. Instead, the comfort capitalist renews his roots by attending more conferences, VC gigs, open coffees and a “how to” course in looking very busy.”