Capital is flooding into Silicon Valley

DEALMAKERS ARE smooth talkers. They need to be. But which branch of finance has the slickest ones? Consider the polished, public-school manner of the City investment bankeror the high-velocity spiel of the Wall Street bank boss. Both have a strong claim. But the venture capitalists, or VCs, of Silicon Valley have a stronger one. They spend their time either being pitched to by, or pitching on behalf of, entrepreneurs who hope to be the next Zuck or Larry-and-Sergey. Peddlers of such extravagant dreams have to have silver tongues.They certainly have some catchy phrases. They speak of vanity metrics (misleading measures of a startups progress); of the importance of product-market fit (how well a piece of software meets the customers needs); and deal heat, the fever that causes investors to overpay. After a while even a normally buttoned-up Buttonwood is asking to double-click on a topic when he wants more detail from a voluble VC.
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