“The last person [needed in a company] is the HR person. They’re the destroyer of companies.” Don Valentine
Interview of Tom Perkins and Don Valentine. Both venture capitalists founded two of the first VC firms in USA in 1972. Perkins founded Kleiner Perkins Caufield & Byers (KPCB), which invested in more than 500 companies in their fledgling stages, including AOL, Amazon, Citrix, Genentech y Google. Valentine Sequoia Capital, which then invested in Apple, Atari, Cisco, Youtube and others startups.
I want to ask forgiveness from my brother and all my HR friends for publishing this. I don’t completely agree with it, but the explanation the interviewee’s gives is very interesting. Valentine and Perkins were interviewed by TechCrunch Disrupt SF the 11th of September 2013. I have extracted the most interesting portions of this interview.
What kind of ideas did they liked most to invest in? What kind of entrepreneurs did they deal with?
Perkins explains that he invested “in the idea because bad people don’t have good ideas. I’d look at the back pages to see if the numbers were big, and then if they were I’d look at the front pages to see what the business was.” Continue Reading…