Over the years, the acronym has become a sort - of mantra for the famed Kleiner Perkins Caufield and Byers
venture capitalist, who more
recently turned it into a book (Measure What Matters; Portfolio, $ 14) he describes
as «my love letter to our future.»
Explaining the industry and what's going on takes the form of several audiences; one being the overly - optimistic entrepreneur who still has aspirations of raising capital to get their company to a liquidity event, another being the up and coming
venture capitalist in training (think decades long training cycles) who
recently finds themselves a free agent
as the asset class shrinks and wants to start their own fund, and the final being ambitious MBA's switching careers and see
venture capital
as the preferred destination.