TechLahore

VC firms are fertile grounds for Jackass watching. But entrepreneur-investors like Andreessen who have actually built a business, are the saving grace that prevents the Wrath of God from obliterating the VC industry.

The Wall Street Journal, reporting on authority of VentureWire, seems to think that VCs might be making a comeback. The entrepreneurial environment, apparently, is improving. This sort of flies in the face of the investment data from Q1 ’09. But, 42 VCs seem to think so, so all argument ends right there… I mean, it’s not like VCs are ever wrong, what? The key index being used to spread news of this joy is the, “Silicon Valley Venture Capitalist Confidence Index“. The long name notwithstanding, “Venture Captialist” and “Confidence” so close in the same title almost seems to discredit the whole thing… But maybe I’m just biased. After all, I did just recently write two pieces on why Venture Capital may never be the same again. If you haven’t read them yet, you may find them anywhere in the mildly amusing-interesting range.

For the record, I am not anti-VC. In fact, of late, I’ve been pretty enthused about Marc Andreessen – who I consider to be an entrepreneur’s entrepreneur – getting together with Ben Horowitz and organizing his investment practice more formally. What entrepreneurs need is more investors like Marc, who have actually started companies and built worthwhile products with their own hands. That’s valuable experience that no army of non-operational Powerpoint and Excel jockeys can come close to matching.

You can read more about this by visiting the Wall Street Journal’s website, here.

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