Glenn Fleishman

A member of the Philip Greenspun's Homepage community since April 24, 2001

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April 24, 2001, on ArsDigita: From Start-Up to Bust-Up:
I do not know the facts of this case except as presented here. However, the form and nature conform precisely to the pattern one expects from the venture capital process, and therefore is likely to be entirely accurate in its details. (Read High Stakes, No Prisoners, for a similar account - eerily similar, in fact.) What I'd like to publicly question is: can anyone cite instances in which venture capital companies took control, brought in outsiders, and turned a business into a rousing success? There must be such cases, but the literature lacks richness in this area. If you read any of the biographical tomes (High Stakes, Burnout, Startup, etc.), the central figure of the founder admits their own hubris, but marvels at the behavior of the VCs. And rightly so. I look at Amazon.com as a wonderful case to the contrary: Bezos got Kleiner Perkins to take a board seat, bring in other good board members (Scott Cook, etc.), and give them a tiny bit of money which helped establish thei...