Company Building For Eight Year Olds

Here's an interesting, amusing, and enlightening post on the topic of what VC's do from David Hornik of VC firm August Capital in a post entitled "Company Building For Eight Year Olds." David tells us that...

When my eight year old asked me what it meant to be a VC, I tried to explain it in terms that he could appreciate. He is a skate board fanatic and has been talking about starting a "skate brand" where he could sell shirts, hats, decks, etc. with his particular logo (needless to say, practically everything he wears has some skate logo or other on it -- Etnies, NorCal, Element). He spends his day drawing potential logos, shirt and skateboard designs, and telling me which professional skateboarders his brand will sponsor. So I tried to describe venture capital in the context of a skate brand... (read on).

-- Jack Krupansky