0:00-2:15 Welcome everyone, I'm here today with George Zachary of Charles River Ventures. 2:15-3:00 George is both an entrepreneur and venture capitalist. His investments include Twitter, Yammer, Cloudshare and Vignette. 3:00-4:45 How long did you spend as an entrepreneur and how long as a VC? 4:45-6:30 So you've been a VC for over a decade now? What is VC, at its core? 6:30-9:15 What's the difference between the bubble today and the one in 1999? 9:15-9:30 Is a great feeling as an entrepreneur to have something that you built still going strong today? 9:30-11:30 What's the closest you ever came to failure? 11:30-12:15 People in the Valley tend to compartmentalize bad behavior. Do you think that's the norm there? 12:15-17:00 Thank you to Sourcebits for sponsoring the program. Everyone thank them @Sourcebits! 17:00-18:00 So, is it your perception that you have to be a little bit of a bad boy? 18:00-19:15 What do you think of the leadership at Apple now? 19:15-21:15 What do you think makes a great venture capitalist? 21:15-23:45 Every decade you put down 70 bets and of course your chance of hitting a Google or eBay are low. 23:45-27:00 Is the machine broken? Who is it working for? 27:00-31:00 What do you think of the mega-venture firms, like Andreessen Horowitz? 31:00-32:50 Why don't limited partners put all their money into a venture fund? 32:50-38:00 Thank you to GoToMeeting for supporting the show! Everyone thank @GoToMeeting! 38:00-42:15 How many companies do you think you look at a week, do you think? 42:15-43:30 So what is the management role? 43:30-45:30 You're basically investing in people who may be slightly dysfunctional and you enable them. How do you do that? 45:30-48:15 How does a VC handle this volatile personality? 48:15-51:00 When do you say enough is enough, this person needs to go? 51:00-55:00 What are your expectations today in terms of the market? 55:00-58:15 Mergers and acquisitions will be very active in the next few years, don't you think? 58:15-1:00:30 Do you think there's another Steve Jobs out there? 1:00:30-1:05:45 What do you think is going to happen in the US with regards to employment? 1:05:45-1:08:15 So Udacity, that's where the hope is? And you backed it? 1:08:15-1:10:00 This has been such a great program, thank you George. Everyone take a look at Charles River Ventures at crv.com. 1:10:00-1:11:45 If people want to send their pitch, send it to george@crv.com. 1:11:45-1:12:15 Have you ever invested without a product? 1:12:15-1:12:45 Thank you to our sponsors and to our friends at CBS and CNET. 1:12:45-1:13:00 Stephen: If anyone wants to check out CNET.com/live we broadcast everyday. Support This Week in Startups and independent media by joining the TWiST Producer Program at TwistList.co! Multilingual? Translate this episode of TWiST into another language and email the transcript to translate@thisweekin.com Keep up with the latest from our sister company, LAUNCH: LAUNCH Festival Hits $639k in Prize Money www.launch.co/blog/launch-festival-hits-639k-in-prize-money.html LAUNCH Hits $489K: A Slot at AngelPad and $100K Investment (If You Move to Vegas) www.launch.is/blog/launch-hits-489k-a-slot-at-angelpad-and-100k-investment-if-y.html The Two Most Important Startups in the World www.launch.is/blog/the-two-most-important-startups-in-the-world.html 10 International Startup Scholarships www.launch.is/blog/10-international-startup-scholarships.html DOUBLE Boom! LAUNCH Hits $369k in Prizes Thanks to MailChimp's $100k! www.launch.is/blog/double-boom-launch-hits-369k-in-prizes-thanks-to-mailchimps.html FOLLOW ON TWITTER Jason: @jason George: @georgezachary Sourcebits: @sourcebits GoToMeeting: @gotomeeting