The New New Thing: a Silicon Valley Story

Michael Lewis

Authors: Michael Lewis

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“health care industry, Clark drove up to Sand Hill Road to see the venture capitalists. The venture capitalists advertised themselves as the great financial risk takers of the Valley, but you could learn everything you needed to know about their attitudes toward risk, simply by driving up Sand Hill Road. Sand Hill Road was where the venture capitalists clustered together for safety, like ducks in a park waiting for the bread crumbs to fall. Each time Clark made this trip, the ducks came out of i...t worse than the time before. The price of the crumbs rose; and they had to quack louder for them. When Clark had gone to see the venture capitalists about Netscape, it was with the understanding that he would act as the CEO until the company was up and running. This time he proposed not only that he take home the lion’s share of the stock in the new company but that the venture capitalists do all of the actual work. Clark had no plans to spend even a day in the Healthscape offices. He had ceased to be a businessman and become a conceptual artist.MoreLess Read More Read Less