SLO Entrepreneur

from:
http://www.briannorgard.com/?p=72

Venture Rules from Kleiner Perkins

I’ll admit, I am all too fascinated with Tom Perkin’s new boat. The interview he did on 60 minutes reinforced the fact that this machine is more than just a boat–it’s a work of art.

Of course, I grabbed his new book, Mine’s Bigger and happened upon a few of Kleiner’s famous laws of venture capital:

• When the money’s available, take it
• When they pass the hors d’oeuvres around, take two
• There is time when panic is the correct response
• Never sell unless there are two buyers
• If a decision is incredibly difficult, it doesn’t matter what you decide
• Make sure the dog wants to eat the dog food
• Market risk is inversely proportional to technical risk