The guy likes to sail so the perfect place to pick his brain is on the outside deck of the San Diego Yacht Club. Barbara and I lashed Dave Titus to the mast for a quick look at our “innovation economy.” First, some background. In 1983, Titus was one of the co-founders of Silicon Valley Bank.
The quasi-angel/VC folks who raise $25 million to $50 million will have no returns in the current environment and won’t be able to raise a new fund. It is a tough game. Q. If you were 36 today, would you start a fund? A. Yes, because I love it. The biggest issue in starting and then managing a fund successfully is the same as any startup we would fund. Can you work with your partners, without walking them off the plank? And is there loyalty, will the partners hang in long enough? Q.