The media treats with reverence the geniuses who invested early in tech giants such as Google, Facebook, and other big Internet names. If you're a super wealthy person, and you obtained your wealth by luck, inheritance, or financial manipulation, you're probably eager to prove you have something useful to offer the world. You want to be associated with a sexy new startup to demonstrate your brilliance and establish some family honor. You want to do the modern equivalent of buying yourself a title. Instead of becoming Lord of Devonshire, you can be an early investor in a startup that might become a household name. You want to be like Sean Parker, who will forever be introduced as co-founder of Napster and founding president of Facebook. Internet companies are the new royal titles.
To read the full, original article click on this link: Scott Adams Blog: Venture Capital 05/11/2012
