【正文】 first on his block to try digital thermostats, a home theater with a digital projector he uses to view the Inter ? the future, which belongs, he believes, to intras because it39。s a fairly inexpensive and rapid way to deploy applications across an enterprise Bad news for Microsoft. A venture capitalist Pappajohn ? John Pappajohn39。s initial $125,000 stake will be work $15 million a 120fold return in 18 months. ? he set up shop as a venture capitalist in 1969, he had $100,000. By investing in health care startups he has now more than $200 million. ? Pappajohn39。s venture fund consist solely of his own money. In the past 27 years he has founded more than 2 dozen public panies. ? to be there first or very early, says Pappajohn. Wall Street will pay more for a successful new idea. A venture capitalist pappajohn2 ? Pappajohn was born in Greece and grew up in Mason City, Iowa, his father ran a corner grocery store, no telephone and shared a car. His father died when he was 16, leaving him to support his mother, who spoke no English, and his younger brothers. ? He doesn39。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。 software, which might speed up the colossally expensive drug discovery process. ? modest life, to be the biggest philanthropist in iowa A vclist: Tom Perkins ? As one of the founders of the pioneering Silicon Valley venture capital firm of KPCB in the early 1970s, Perkins invested $8 million and cofounded two legendary successes, Genentech and Tandem. ? 1953, he graduated from MIT with an EE degree。 4 years later, an . from Harvard, an educational path is now considered a winning bination. ? Packard put him in the HP39。s machine shop. For several months, he was probably the best educated lathe and mill operator in America. A vclist: Tom Perkins 2 ? he took $12,000 to manufacture and market lightbulbsimple lasers based on his own optical inventions. lasers were plex, fragile and, at $2,000 to $5,000 each, expensive. His product high quality and lower price: $300 ? When Perkins left HP to go into business with Eugene Kleiner, he was in the right place at the right time, with the right instincts. Since 1972, the firm has raised nine funds, returning an average of 35% to investors and littering the landscape with successful, imaginative businesses. ? Young Venture Capitalists ? To make the really big bucks, young venture capitalists once had to wait years to make general partner. No more. ? That 20% is diwied up at the discretion of the top partners, based on seniority and performance. Today a junior partner may get as much as %, an associate lostill less than senior partners, who make 4% to 7%, but more than they got three years ago ? Carried interest is even being used as a recruiting lure to find the best and the brightest at the associate level, an incentive almost unheardof five years ago Young Venture Capitalists 2 ? venture capitalists are desperate for new blood. A record of $16 bil. in 1998more hands are needed ? Senior partners are doing less work and the younger guys are picking up the slack, ? William M. Mercer39。s 1998 Compensation Survey, analyzed pay for 60 vc pe firms through 1998, total pensation jumped 128% for junior partners and 35% for associates. Most from carried interest. ? Summit Partners (Boston), $3 billion under mgt. last 3 years, doubled the bined value of salary, bonus and carried interest for its juniorlevel vclists. 謝謝觀看 /歡迎下載 BY FAITH I MEAN A VISION OF GOOD ONE CHERISHES AND THE ENTHUSIASM THAT PUSHES ONE TO SEEK ITS FULFILLMENT REGARDLESS OF OBSTACLES. BY FAITH I BY FAITH