I was deeply saddened by the news that Tom Perkins died last week. Though I never had the opportunity to meet him, I greatly admired his business acumen and appreciated his overall positive impact on Silicon Valley, where I have lived virtually my entire life.
An angel investor, Ron is often described as one of Silicon Valley's "super angels". His wealth and giving is a reminder that tech entrepreneurs aren't the only ones capable of large-scale philanthropy; the sector's investors are also involved.
It's a tough pill to swallow, especially for those of us raised on a steady diet of the bootstrap myth. You know the one: that your own individual effort is all it takes to lift you up the social or economic ladder.
Convincing someone to invest in your brainchild is one of the biggest challenges a founder faces, and solo founders are often perceived by investors as an unsafe bet. Fundraising is a mind game as much as anything else.