Papa: Post-2000 VCs Shifted Completely from Backing Inexperience to Seasoned Operators
Steve Papa · Steve Papa – Entrepreneur's Perspective on Venture, Venture is Eating the Investment World 13 (Capital Allocators, EP.244) · Apr 4, 2022 · at 18:15
Steve Papa, founder of Endeca and investor, reflects on the dramatic shift in venture capital investor psychology before and after the dot-com crash.
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“In 99, the temporal wisdom was back folks without experience because they'll see new ways of solving problems. So it became an asset to be inexperienced. Once we got through 2000, the pendulum swung all the way back hard. All investors wanted to see is that you have people who've already done this.”
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