Ben Gilbert: uncertainty

Transcript context

…Yes. Who wouldn't want to be right in the thick of the Microsoft Silicon Valley business unit outpost? But TVI, Technology Venture Investors, had a unique honor. What made them single-handedly really part of that then top-tier venture capital firms is they were the only venture capital investor in Microsoft. Yep, $1 million to own 5% of the company. I don't believe they raised another dollar until the IPO. Imagine owning 5% of Microsoft at IPO. I don't know how long they held, or I imagine there was a pretty rapid distribution to limited partners there, but that is a rare honor. Really nothing else mattered at that point. You could hang up your shoes after that one and declare victory, which is some foreshadowing because that is exactly what would happen. These two firms shared this office building there at 2480 Sand Hill. Merrill Pickard had done pretty well for itself as well. They've done PalmPilot. Remember PalmPilot?…

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