One tradition that has developed in our family is that each night before they go to bed, my two oldest kids ask me about the new companies I saw that day and whether they were interesting as investment opportunities. Apart from occasionally leading to "proud parent" moments when they dissect th...

Bill Gurley recently had an excellent post on the state of the venture capital industry, with an emphasis on how Limited Partners think about the asset class. I generally agree with his primary thesis that: 1) the industry will be smaller and raise less capital and 2) this is net healthy for en...