Here is my impressionistic transcript of the "No More Rear-View Mirrors: Investing in a Changed Environment" panel at Supernova, with Mike Hirshland, Paul Hammer, Jackie Kimzey, Ellen Levy, and James Suroweiki:
Jackie Kimzey:
Rear-view mirrors are useful. We've had lots of bubbles.
Our job is to invest as little as possible for as much ownership
as we can get. [Ed: translation, in a seller's market for
capital, entrepreneurs get screwed].We've eliminated the pretenders and gotten back to real
entrepreneus who put up their own money and work without pay. We
don't have as many me-too projects — everything is new and
unique.
