Comments on Venture Returns Blog: Prediction: The Decreasing Importance of Manageme...

Okay, so for now I'll assume that you can produce ...

2008-01-24T08:10:00.000-08:00

Okay, so for now I'll assume that you can produce that data. My next question is whether there's something special about high tech that makes management experience less important, or if management experience has always been less important to success than experienced managers want to believe. My gut feeling is that it's the latter; that "experienced management team" has always been something of a hazing routine.

Thom, thanks for your comment. You may be right b...

2008-01-08T09:51:00.000-08:00

Thom, thanks for your comment. You may be right but with some research I know I could produce hundreds of examples of "smaller" outcomes that also confirm the trend. I do think that this is much more of an "Internet-company" phenomenon right now.

I think you're skewing your data by looking at the...

2008-01-08T09:30:00.000-08:00

I think you're skewing your data by looking at the huge wins. If you're Sequoia, or you're just generally more interested in hitting one home run than several doubles and triples, then sure, bet on the market and inexperienced but smart and passionate executives. It's a strategic decision about playing the odds, in my opinion.

Of course, this is all speculation. I'd love to see data to support this. Maybe Shane has something to say on it (via Guy).