VC Brain Drain

Interesting dicussion over here about the new $800 million fund being raised by DAG Ventures in California. For the last few years, DAG has been the home of my former colleague Greg Williams, a tremendously talented guy and truly, the worst driver I have known. God only knows how the man gets to his Silicon Valley office in the morning - do managing directors cycle in?

Greg earned his VC stripes here in Canada at a number of prominent funds (many located near subway stations, allowing Greg to avoid the entire parallel parking issue) before being lured south. The fund's strategy is hardly unique (it's the dream strategy for many regional VCs); that they've succeeded, is.