Randy Komisar, KPCB: Capital Looks for the Easiest Way Out

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Randy Komisar, Partner KPCB speaks about Scale @Investors Circle Spring Forum. Everything in our business schools, trade press & investment communities suggest that Scale is the only thing worth investing in. He feels that is a huge mistake. He feels it is ingrained into our financial & business cultures & it isn’t going to change. But he thinks it is the reason that we have made so many mistakes in the last decade or two in building our economy. Because rather than looking for those great businesses that are sustainable at an appropriate scale, we keep being driven towards Bigger is Better particularly as you see Capital rush into specific industries that seem to be trending whether its social networks, clean tech or the internet. Whatever it is Capital rushes in there & sees great return with very little effort with great liquidity. Then what happens then is that all these other wonderful businesses that can be built, all these other industries that are productive & also can have very solid returns are ignored. Everybody complains about venture capitalists being lemmings. If you look at the capital on capital & liquidity models, they are looking for the easiest way out not just the easiest way in. The other businesses are too hard to scale & getting follow on capital & liquidity is really hard.

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Pemo Theodore

Pemo Theodore is a Media Publisher & Event Producer and a great people connector.. She is Founder/CEO Silicon Valley TV which has served the San Francisco Bay Area for 11 years! She has produced Silicon Valley Events for Investors & Startups for 9 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 5 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is audio & visual media and she has built up a great body of work of podcasts & videos of panels & interviews in Silicon Valley.startup ecosystem.

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Written by Pemo Theodore