Description: Wall Street is in a transactional business, but venture capitalists are in a more long-term business of building companies — a sort of patient capital, according to legendary VC Bill Draper, author of “The Startup Game.” Jonathan Burton reports.

Source:  Marketwatch.com – video report

Date: 02/04/2011

Link:  http://www.marketwatch.com/video/asset/venture-capital-as-patient-capital/DC3C301D-95FD-4CB6-ABFC-43C0F8398F6A

Questions for discussion: 

• Summarize the relationship between entrepreneurs and venture capitalists.
• Why is the relationship typically longer term and non transactional?
• What role should the venture capitalist play in the firm?