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Sequoia's Michael Moritz: VCs need to stop with the "hot air and arrogance"

After reading our take on VC blogger Fred Wilson's advice that entrepreneurs need to learn how to "ask for the order," Persai cofounder Ted Dziuba commented: "Methinks Fred Wilson doth blog too much." We disagree, if only because Wilson is such a fruitful source. But at a venture capital conference in San Francisco last week, Sequoia Capital's Michael Moritz seemed to second the notion. "There's a lot of hot air and arrogance in the business that we all would be better off without," Moritz told the conference crowd. Moritz said he disapproved of "useless pontificating in front of entrepreneurs working harder than we are." Kleiner Perkins VC John Doerr concurred: "At Kleiner, we're trying to watch our language." This from the guy who said the Internet was underhyped — and then invested in Friendster. (Photo by b_d_solis)

8:20 AM on Mon May 12 2008
By Nicholas Carlson
622 views
5 comments

Ted Dziuba at 09:43 AM on 05/12/08
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Agree with Moritz: stop saying words.
Troll_2.0 at 10:43 AM on 05/12/08
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The new normal is that pedophilia is not only accepted, but it is financed? Get me to a Desert Island with no internets.
pdave at 11:44 AM on 05/12/08
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Speaking of Ted Dziuba, how's Persai doin'? The private beta launched with much fanfare but the company blog hasn't been updated since mid-February. Fail.
Ted Dziuba at 12:13 PM on 05/12/08
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@pdave: "Fail", how refreshingly original.
SandHillSnobbery at 01:14 PM on 05/12/08
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Great and convenient! Mortiz can start right down the hall by telling his boys at Sequoia to stop acting like the arrogant douche bags that they are. Mike has always been the classiest, most humble guy there. Unfortunately it isn't rubbing off. Guess he'll have to be more overt as he tries to remove the snobbery.