If memory serves: Heidi Roizen had one of the best ROI track records during the Dot Bomb era, having exited most of her portfolio just before. Meanwhile, a frie

If memory serves: Heidi Roizen had one of the best ROI track records during the Dot Bomb era, having exited most of her portfolio just before. Meanwhile, a friend mentioned that Benchmark had lost a whole fund. I don't have numbers in front of me and the Benchmark comment was hearsay -- so, please correct if I'm wrong. Point is: that some VCs were better at timing than others during a down cycle; I would pay very close attention to what Roizen has to say.