I have no right to judge anyone but I do agree with Social Capital Partnership. Instead of using all the computer science and engineering expertise to create another social app for sharing pictures, why not something more impactful on a basic level? I people that social apps have a place, but wasn’t technology supposed to help us enhance our society? I just feel like so much more could be done rather a social for this or a marketplace for that.

FYI I think Mattermark will be a huge success depending on the jobs act allowing anyone to invest in startups. Best of luck

Unfortunately, it’s quickly turning into a “STAR Magazine”-style gossip column for Startups. Putting a spreadsheet on it doesn’t make this into a data-driven transparency post (did it really need to mention the wife?)

It comes across as written by someone who has a beef with this VC or is jealous of the startups that were able to raise capital.

Chamath kudos on your response, but I think you’re giving the author too much cred by even bothering to reply.

Being an entrepreneur of any sort is crazy challenging, crazy risky, and more intellectually, emotionally, and physically demanding than anybody – who hasn’t done it – could ever imagine. But yet some people do it… those are the important people in this story, not the VCs and other investors.

1. when i was at facebook, i had the honor of investing in playdom and making a lot of money when we sold it to disney for $750M. i then promptly began angel investing. along the way, i was lucky enough to get the support of a fund who gave me backoffice support. i have repayed this favor to three people who are/have worked at facebook and are active angel investors. not only does my fund provide support for them, i also allow them to allocate small amounts of our capital so that they can increase their exposure to companies they think are worth supporting – i don’t judge or opine on their investment – just support. these are predominatly the companies you see on crunchbase. many of my primary direct investments are not reflected in your list but most of the angel investments are.

2. the total amount of my two funds is $600M

3. we, according to Cambridge, who judges the returns of all funds show us in the top 5% of all funds over the past 3 years even though we’ve only been around for less than 2.

4. we were part of more than $2B of liquidity last year alone. specifically, this was Yammer ($1.2B sale to MSFT), BazaarVoice IPO ($500B), Cove sale to Dropbox (>75M, 75M, <100M). GoInstant sale to Salesforce (>75M, <100M)

in general, i'm pretty sure i will make a disproportionate amount of the returns in my venture fund – we have done so already and will continue to do so – that is what folks who are good at what they do, do – they win.

the point, however, is not about returns, the point is about progress. more generally, i spend my time investing in things that i think need to exist vs things that are about momentum, follow-on investing. things in genetics, cancer research, drones, new age batteries etc. i'm not sure if these things will work, but i'm sure that if they do, the world is a more interesting, meaningful place for more people. that is my goal and my point about my comments. many times, i feel alone in the investments that i make – i would love it that there are others doing the same – not focused on simple ways to make a salary but the concept that capital is there as a mechanism to help effect change and progress.

you may react cynically to this, but i suspect this was the reason you came to the Valley in the first place. i'm not sure how your company is doing but if you want some big ideas of things that can help hundreds of millions of people and where you can make a ton of money for you and your employees, let me know and i'm happy to help give you some clues.

good luck.