Mercenaries vs. Missionaries: John Doerr Sees Two Kinds of Internet EntrepreneursThe growth of the Internet revolution from zero to $400 billion in five years owes much of its momentum to venture capitalists like John Doerr, partner at venture capital firm Kleiner Perkins Caufield & Byers. Yet Doerr, who spoke at a Wharton conference in San Francisco on March 31, worries about the future of that revolution, including an educational system in the U.S. that inadequately prepares its students to be business leaders. He also distinguishes between entrepreneurs who are mercenaries – starting companies just to flip them – and those who are missionaries, interested in building a team, focusing on the customer and creating long-term value.…Read More
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