The reverse of the management consultant numbers man at Bain Capital, of course.
Raising capital, of course, can reduce the value of stock held by existing shareholders.
Venture capital, of course, existed informally for centuries, even before the Spanish monarchy bankrolled Christopher Columbus's quest for India and his discovery, instead, of America.
Long-Term Capital, of course, would collapse in 1998 -- a fall so spectacular that the Federal Reserve established a bailout to avert what it feared would become a worldwide financial panic.
John Le Carré himself sent a coded message to premiere guests in the French capital: "Of course I am sorry not to be with you," he said, "but you are here to see the film, not the book.
The nation's capital, of course, has certain built-in advantages: a major, permanent industry that is supported by armies of lawyers and lobbyists; height limitations that restrict buildings to 12 stories; and a lack of vacant land, particularly in the central business district, the area bounded by P Street and Constitution Avenue, to the west of 15th Street.
Lashinsky starts the talk off on venture capital, of course, given Andreessen and Ben Horowitz's new $300 million venture fund called Andreessen Horowitz.
Much of that capital, of course, resides in the U.S. (as does some of EF's existing LPs, for that matter), and the plan, says EF co-founder and Chief Executive Matt Clifford, was always to recruit a U.S.-based investment team and build a U.S. investor network as the program scales from tens to hundreds of startups/alumni.
(Not that it's even the capital, of course).
Globalization isn't just about capital, of course.
