Exact(5)
A lot of smart venture money around Menlo Park agrees, well familiar that 160,000 law firms billed clients $230 billion last year.
If the prop passes, cash-strapped California taxpayers will be spending their money on a handful of second-rate biotech companies that the smart venture capital money housed around San Francisco's famed Bay Area already passed on.
Another way to say that, of course, is that smart venture capitalists passed on startups that failed to demonstrate how they would add value to the space.
When money is scarce, what a smart venture capitalist will pay for says plenty the pressure is on for products and services that can get to market quick with either a relatively solid revenue stream or something a big acquirer just can't live without.
Foreign smart venture capital was intrigued by the potential of a very large growing middle class that were early adopters of technology and spent inordinate amounts of time on the Internet.
Similar(55)
Sakura Retirement Investments of Japan announced the 40-villa project in October, saying it would be built by Smart Ventures, an Australian developer.
And that ambitious aim has now attracted one of America's smartest venture capital firms, Andreessen Horowitz.
But some of Sweden's smartest venture capitalists think that Anoto technology will be a hit when third-generation mobile telephony finally becomes a reality.
Yet Kleiner Perkins partner Vinod Khosla, one of the smartest venture capitalists in Silicon Valley, told me, when we chatted earlier in the day, that he would sell now.
The so-called Smart car venture is virtually being taken over by Daimler-Benz, Mercedes's parent, which has just increased its stake in the operation from 51% to 81%.
If she wants to hire some young, smart, inexpensive venture fellows, we're essentially creating a massive pool of people for her to choose from.
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Justyna Jupowicz-Kozak
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