Brad, this is a great post and I completely agree with what you have written. I hope you don`t mind me mentioning an investment that my partner and I have made in building a new technology/product over the last three years that I think you will resonate with based on the themes in this post. It was actually chosen as one of the 50 finalists at TC50 in 2008 but did not launch because we learnt that whilst the technology and engine was strong the UI/Userbility/Value Proposition was not. We have since spent that last 9 months improving these things and are getting ready to roll out. I was wondering what is the best way to contact you about this? Thank you!
Brad, this is a very important post. With the exception of the few investors that started out as successful entrepreneurs like yourself, and a few investors like John Doerr and Michael Moritz that were made to be great VCs, I think its obvious to say that the business of venture creation happens thanks to entrepreneurs. The reason that this is so is because to the true entrepreneur, it is a calling , an art, a path and often a way to change the world in small and big ways. To the investor it is often just a way to make money. I hate to say it, but many venture capitalists are venture capitalists because they dreamed of being entrepreneurs but did not have the vision or the courage to do so.