文档介绍：该【Anoldsurvey1984(风险投资创新与金融的结合,刘曼红) 】是由【闰土】上传分享，文档一共【36】页，该文档可以免费在线阅读，需要了解更多关于【Anoldsurvey1984(风险投资创新与金融的结合,刘曼红) 】的内容，可以使用淘豆网的站内搜索功能，选择自己适合的文档，以下文字是截取该文章内的部分文字，如需要获得完整电子版，请下载此文档到您的设备，方便您编辑和打印。2021/9/11
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Anoldsurvey:1984
Avgpartnersperfirm:
avgcompaniesmanagedperpartner:
avgseatonboardperpartner:
mostvclistsspentmorethanhalfoftheirtimeswiththeirportfoliocompanies,mediannumberis60%
iftheyaretheleadinvestor,theydevotemuchmoretimeonPCsthanotherwise
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Venturecapitalistspay
the'80s,venturecapitalists’basesalary”$150,000to$200,000,,lessexpenses.
Asthesizeofthefundshavemushroomedwhilemostexpenseshaveremainedgenerallyflat,$1millionarenolongerunusual
ofcourse,thatdoesn'taccountforwinninginvestments'reallybigpayoffs--performance-basedfeesandpersonalequitystakes.
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LouisJohnDoerr,III
DoerristohisbusinesswhatGatesistosoftware.”
DoerrcanboastofhelpingtomidwifesuchenterprisesasNetscapeCommunicationsCorp.,CompaqComputerCorp.,Intuit,.
SincejoiningKleinerPerkinsin1980,Doerrhasriddenthreetsunamilikewavesoftechnology:personalcomputing,PCsoftwareand,now,theInternet
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Doerr’sfirm
VC-backedcompaniesgrewjobs20%,000newjobs,alongwithcombinedannualrevenuesof$:$84billion.
Thefirmhasreportedlyrackedupaverageannualizedreturnsofmorethan30percentsinceitsfoundingin1972,
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Anewconcept:Keiretsu
value-addedinvestingisaccesstoanetworkofsharedinformationandknowledgereferredtoastheKeiretsu.
CompaniesthatbecomepartofthisinterlockingKPCBnetworkshareexperiences,insights,knowledge,andinformation.
theflipsideofKeiretsuisthatDoerralsositsontheboardsofdirectorsofcompaniesthatholdcompeting,notcooperative,interests.
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OnesecretforVclisttosuccess: Recruiting
ThefamousVCfirm:Kleiner,PerkinsCaufield&Byers.
JohnDoerr’spowerandinfluenceontheVBC:recruitingefforts.
?
CEO-in-residenceprogram,williamCampbell,theformerGochief,laterinIntuit.
Roadshowsandconferences
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Daretopayhighprice
JohnDoerr,,andinmay,itworthabout600million…thepartnersinKPCBtook30minutestovoteinvestinginNetscape.
Mondaymorning,all10partnersgatheratheadquarter--sittingaroundatable:theworldlargestsurfboard...Formalpresentationat11amand2pm
holdboardseatson80%oftheVBC.
Doerrbelieves1980sisforhardwareandsoftware,but90sisforinternet...
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KPCB-whyfamous
strategiesareeasy,it',000businessplansayear,ofwhich200getseriousconsiderationand20to25actuallygetmoney.
1994,SiliconGraphicsfounderJimClarkcalledDoerrtotellhimaboutalittlepieceofsoftwarecalledabrowser,writtenbythis23-.
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LouisJohnDoerr,III-2
Bornin1951inamiddle-,--"Lou,",CharlesLewisPumpCo.,whichhebuiltintotheworld'slargestsupplierofsulfuricacidpumps.
,,,MSinEE
MBAatHBS,whichhasprobablyproducedmoreventurecapitaliststhananyotherinstitution
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LouisJohnDoerr,III-3
."Heneededtobeafieldsalesman,tolivethatexperience’
In1980hecontactedByers,whoofferedajobasaKleinerPerkinsassociate,heaccepted,butwiththestipulationthatKleinerPerkinswouldbackhimifhedecidedtopursuehisownstart-up.
1980-82hespenthalftimeforSiliconCompilers,inwhichhehadasmallequitystake,in1982,KPraisedventurecapital'sfirstmegafund,athen-unheard-of$150million,askedhimbackasageneralpartner.