Pantyhose made Steve Jurvetson decide to pivot.
Mr. Jurvetson, a managing director at venture firm Draper Fisher Jurvetson, said he decided to stop investing in what he considered “frivolous” deals after getting pitched on three e-commerce pantyhose deals in less than five months back when he was focusing on mostly Internet companies during the first dot-com boom.
“Those types of deals are like crabs in the economy. They play a role, but who cares,” said Mr. Jurvetson, who said the plethora of pantyhose pitches caused him to educate himself to specialize in fiberoptics and nanotechnology. “It’s been a progression. Learning about one thing has led to another.”
To read the original article: DFJ's Steve Jurvetson on Investing in Outliers - Venture Capital Dispatch - WSJ
