It’s nice to see honest VC’s who don’t just brag about their hits but admit their misses, too. Josh Kopelman just did it again, having turned down an investment in Right Media which got acquired by Yahoo for $680M last week. His previous big miss was Youtube.
Of course his firm, First Round Capital hasn’t been around long enough to get anywhere close to Bessemer Venture Capital’s Anti-Portfolio: the list of big misses includes Apple Computer, eBay, FedEx, Google, Intel, Intuit, Lotus, Paypal … just to name a few. Bessemer Chief Blogger David Cowan writes about it in several posts.
After all, as we all know, VC’s are in the lottery business
Zoli – maybe you shoul dpost a shouldn’ta. couldn’ta, wouldn’ta list
world.com anyone?????