Fred Wilson writes about a NYTimes story on Idealab’s Bill Gross:
You hear about serial entrepreneurs all the time, people who start company after company. We love to back people like that and have done that five times already in our current fund.
But what about the parallel entrepreneur? The person who can’t do one thing at a time. They need to do multiple startups at the same time.
I think we are seeing more and more parallel entrepreneurship. It makes sense. Entrepreneurs realize that serial entrepreneurship means putting all their eggs in one basket. VCs get to leverage a portfolio effect and I think we’ll see more entrepreneurs try to do the same.