【正文】 han half of their times with their portfolio panies, median number is 60% ? if they are the lead investor, they devote much more time on PCs than otherwise Venture capitalists pay ? the 39。s Berkeley campus to its LA campus, marking the beginning of an Email system, the foundation for the modern Inter. ? joined Intel in 1975 as an engineerUCLA decided to make hiim a member of its birthday party advisory mittee.” ? From then on, Doerr39。s success in investments is the Dooin Electronics, which is standing out in the multimedia card sector. ? From a single investment of 900 million won, Chai earned about 4 billion won within just 2 years on behalf of the KDIFC. Vclist Chai HyunSuk 2 ? When a venture firm has grown and enters a more stable stage, you already lose the chance to invest ? Chai could not always hit home runs. In a few cases, he lost 100% of the money he invested. But he said he could learn more from a failure than a success. ? he believes that nothing can be realized without good teamwork ? is going to invest in a spaceshuttle related project, which no Korean venture capital firm has ever tried. It is high risk, but could put the nation39。re not a very good venture capitalist. ? Please get the executive summary of your business plan to me as soon as possible, so that I can either throw money at you or tell you what a schmuck you are for daring to darken our doorway. ? Looking for a potential RBC, really big pany ? The key to starting a RBC is riding a fundamental change in technology, just as Cisco successfully rode the arrival of the Inter, rather than taking on an established pany on its home turf. Active Angle investors ? these active angles invest tens of thousands, along with techindustry experience and usually settle for a 5 percent stake in the pany. ? Typically, Madhavan Rangaswami seeks out panies with assets of less than $5 million, works to double the firm39。 4 years later, an . from Harvard, an educational path is now considered a winning bination. ? Packard put him in the HP39。t use a puter. He keeps a list of his panies on a tatty piece of paper in his coat pocket. Yet he quickly grasped the market potential of NetGenics39。. The Silicon Valley ? Real start from HP moved to Standford in 1950s. ? 1957, vclist arthur Rock tried to back a pany: Fairchild Semiconductor ? 1971, ?silicon valley? name appeared ? 1976, apple puter was born ? the mid198os, Silicon Valley39。s not my business but it is, I own 100% of the stock. davie is the entrepreneur. if he pays back my initial investment, he39。s first megafund, a thenunheardof $150 million, asked him back as a general partner. Louis John Doerr, III4 ? Brands matter in consumer marketing. Reputation and values matter in service businesses, notes Doerr ? At the core of Kleiner Perkins39。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。s influence has spanned almost two decades of technology investments. ? Why is he successful? “ his energy jolts people out of ordinary thinking. Louis John Doerr, III8 ? Lotus early seed money, and IBM Corp. later bought Lotus in 1995 for $ billion. ? on Palo Altobased Sun39。s venture capital on a higher, more sophisticated plane. Denzil Doyle ? estimates Canada is running a $15 billion trade deficit in hightech products and services, primarily with the . ? The capital gains tax rate is 40. The highest marg