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> L. John Doerr, a venture capitalist at Kleiner Perkins Caufield & Byers who is well-known in Silicon Valley, attended the cookout, and said he is an enthusias
by mkramlich 14y ago
> L. John Doerr, a venture capitalist at Kleiner Perkins Caufield & Byers who is well-known in Silicon Valley, attended the cookout, and said he is an enthusiastic supporter of the effort (he's also on its board of directors).
He has a financial stake in seeing it become as big as Google so take with grain of salt.
- malandrew 14y ago"no conflict, no interest." seems appropriate here.
- StavrosK 14y agoWhat does it mean? I can't parse it.
- telemachos 14y agoIt's a John Doerr quote[1]. Here's the opening paragraphs from an article which discusses it: Legendary venture capitalist John Doerr is said to have once described his investment philosophy as "no conflict, no interest." In other words, when Doerr and venture capital firm Kleiner Perkins aren't privileged enough to enjoy a potential conflict of interest with respect to a potential investment, they have no interest in making the investment. [1]: http://articles.businessinsider.com/2011-03-11/tech/30001236_1_twitter-twitter-board-investment http://articles.businessinsider.com/2011-03-11/tech/30001236...
- StavrosK 14y agoThat clarifies it, thank you.