I think the VC is a potential person who could be an asset. He has to be an asset in the university. He ought to be somebody that will be respected by all within the university, not only because he has got to the top, but also because he is honest, truthful and he is able to speak out when he needs to speak out. He is not looking for anything. He must not be partial.
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Appointing a VC is not necessarily the responsibility of the people in the university alone. The people who are in charge of university system, the ministers and so on also have a say. They also have a responsibility to see that there is law and order and ensure they themselves appoint responsible people.
Am I not a professor? I earned a PhD but there are professors who did not earn a PhD. I am stepping on toes. I am a woman and this is the first time a woman will act as VC. I understand that some people are not happy. I was mile ahead of my colleagues in the interview. Is it my fault that I am sound and that I am appreciated?
As a venture capitalist, I have had the freedom to say what I want and what I really think without worrying what everybody else thinks. As a CEO, there is no such luxury. As CEO, I had to worry about what everybody else thought. In particular, I could not show weakness in public. It would not have been fair to the employees, the executives, or the public company shareholders. Unrelenting confidence was necessary.
I do not know what has happened that people are struggling to become vice chancellors. It looks as if law and order are no longer there. It looks like the respect is no longer there. People struggle to gain this high position not necessarily because of what they have achieved, but because they also want to be there to be able to call the shot and so on.
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Why did so few startup advisers and venture capitalists have any experience starting companies? As these thoughts rolled around in my head, I sent Marc Andreessen an instant message: “We ought to start a venture capital firm. Our motto for general partners would be ‘some experience required’ as in some experience in founding and running companies is required to advise people who are founding and running companies.” To my surprise, he replied, “I was thinking the same thing.
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