QUOTE
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Me on the WSJ blog:
“Well-Made Coattails - Nic Brisbourne of DFJ Esprit disagrees with the recent guest post on TechCrunch from academic Vivek Wadhwa who charges that VCs follow innovation, not lead it. Says Brisbourne: “VCs are sometimes criticized for riding on the coattails of success, and I think that criticism misunderstands the role that VC plays in the ecosystem, which is more to accelerate success than create it.” Brisbourne does, though, admit that the venture industry could do more to stimulate innovation.”
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