Quote of the Day Oct 2, 2008

“Where are these guys going to find another career that pays them nearly as much to do next to nothing? I mean, being a mediocre VC, it doesn’t get any better. The funny thing is, if you tell a VC that, he laughs, thinking that you’re talking about the next guy.”

— A respected endowment manager tired of the returns that have plagued the industry since 2000, and the old chestnut that venture capital investments have a 5- to 10-year horizon.