Just listening to David McClure recap his recent travel schedule is exhausting. From the start of October through mid-November the 44-year-old venture capitalist addressed entrepreneurs at 14 conferences from Toronto to Nanjing, China. During one stretch he flew from New York to Dublin, where he landed at 6 a.m., gave a speech at 8 a.m. and talked startups with Twitter founder Jack Dorsey at a club until 3:30 a.m.; 36 hours later he was trick-or-treating with his two kids in Palo Alto, Calif.
Many investors scour specific arenas looking for big winners. That model hasn't worked so well for many VCs, thanks to a dearth of acquisitions and initial public offerings in recent years. As of June 30 the VC industry had posted a -4.2% annualized return over the previous decade, versus a -1.6% for the S&P 500, according to the National Venture Capital Association.
To read the full, original article click on this link: One Investor's Global Hunt For Worthy Startups - Forbes.com
Author: Maureen Farrell
