Nobody wants to be passive; indexing is not passive - much more goes into indexing than watching a stock become the next buggy whip.
I look at Boston-based companies all the time... There's certainly great companies in Boston. If the deal makes sense on the merit of the deal itself, we'll go and do the deal.
I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.
We reviewed our process at Greylock and discovered that the best investments are non-obvious enough that they result in a mixed vote by our partnership.
Benign neglect, bordering on sloth, remains the hallmark of our investment process.
There are a lot of idiot fund managers out there who add no value to the process at all.
There is a tendency just to talk about foreign investors. Over 80 per cent of new investment in the South African economy is South African and therefore the engagement of the South African investor is also a critical part of this process.
