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?s) and others, flying to California on weekends, at his junior year, he was earning $80,000 consulting between classes ? Feld Technologies was soon acquired by GE Capital. In 1994, Feld himself became a venture capitalist。s a connection between venture capital and musicthat creativity and empathy are skills that transfer to both worlds. Norman Brodsky: invest for fun ? Brodsky, a venture capitalist, no longer invests just for the money but for fun, being part of a new business and the satisfaction he gets from helping entrepreneurs succeed. ? 4 rules of angel investing: 1. Invest in people who want your help, not your money. 2. When possible, go it alone. 3. Take a majority stake until your investment has been repaid. 4. Retain the right to force a payout. ? it39。s board throughout its most bruising fights with rival Microsoft Corp. ? Intuit. The maker of Quicken and QuickBooks is very strong growth in its market capitalization ? Home. on the board of the highspeed cablebased Inter services pany, cap of $14 billion plus. ? “Venture capitalists should help entrepreneurs assemble great teams, But VCs don39。 pricing his concept at another $3 MM, with a multiple of three times, value the startup at $18 MM. ? Mayfield not respond, and NEA only offer a multiple of two. But Doerr in Jan. 1994,was intrigued by Andreessen, invested $5mm, later became $600mm Louis John Doerr, III6 ? Tom Perkins wanted a nobullshit atmosphere, where people rolled up their sleeves amp。s execution is everything. The firm reviews some 2,000 business plans a year, of which 200 get serious consideration and 20 to 25 actually get money. ? 1994, Silicon Graphics founder Jim Clark called Doerr to tell him about a little piece of software called a browser, written by this 23yearold kid from the University of Illinois named Marc Andreessen. Four years later the call still ranks as the most significant thing to happen to KPCB in a decade. And perhaps the luckiest. Louis John Doerr, III2 ? Born in 1951 in a middleclass section of South St. Louis, the eldest of five. His role model was his father Lou, quit job to buy a small St. Louis specialty pump maker, Charles Lewis Pump Co., which he built into the world39。80s, venture capitalists? base salary” $150,000 to $200,000, calculated on a 2 to percent management fee, less expenses. ? As the size of the funds have mushroomed while most expenses have remained generally flat, many venture capitalists now pull in two to three times that. Base salaries of $1 million are no longer unusual ? of course, that doesn39。t account for winning investments39。s largest supplier of sulfuric acid pumps. ? Doerr was studying EE at Rice U. in Houston, Tx. With 2 friends started their own pany, wrote graphics software for Burroughs puters. graduated from Rice in 1973 BS, MS in EE ? MBA at HBS, which has probably produced more venture capitalists than any other institution Louis John Doerr, III3 ? 5 years at Intel. made the unusual request to be transferred from the Santa Clara headquarters to the Chicago sales office. He needed to be a field salesman, to live that experience? ? In 1980 he contacted Byers, who offered a job as a Kleiner Perkins associate, he accepted, but with the stipulation that Kleiner Perkins would back him if he decided to pursue his own startup. ? 198082 he spent half time for Silicon Compilers, in which he had a small equity stake, in 1982,KP raised venture capital39。got something done ? In the 1980s PC hardware and software grew into a $100 billion industry, says Doerr. The Inter could be three times bigger. Kleiner Perkins now has stakes in more than a dozen pureplay Inter