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Showing posts from May, 2008

Venture Quotes for a softening economy

Guess who said the following?


"There's a lot of hot air and arrogance in the (VC) business that we all would be better off without"

"...useless pontificating in front of entrepreneurs working harder than (VCs)..."
"...VCs who constantly speak of deals and projects, reveal their self-interest and slight the labor and dreams of the entrepreneurs"


If you think it's some disgruntled entrepreneurs who don't "get it", think again. In the past, I've made some pretty strong but heartfelt things, and I could have said the above, but I didn't.


Read on here to learn who uttered these pearls of wisdom.


Bugs in the American Legal System

As an immigrant from India, I have always been very impressed with the American legal system. In over 17 years, I have not encountered grassroots corruption, have been treated courteously by those in power, and have seen the system work overall in favor of the individual. In particular, I've always seen the punitive damages system as a counter-balancing force that puts the "fear of God" in the minds of the rich & powerful corporations that would otherwise tend to trample the average citizen.

I'm not so sure any more after I heard this program on NPR's Fresh Air today: Reporter Explores America's Unique Take on Justice

It discusses the news series in New York Times, by Adam Liptak, called American Exceptions.

The highlights of the series so far are:

Inmate Count in U.S. Dwarfs Other Nations’
The U.S. has less than 5 percent of the world’s population but almost a quarter of its prisoners.

Foreign Courts Wary of U.S. Punitive Damages
For most of the rest of the wor…