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Phrase du Jour: Venture Tourist
venture tourist. A venture capitalist who has no money in his/her current fund, and so has zero likelihood of investing, but meets startup companies and visits conferences all the same. It is sometimes viewed as inappropriate behavior, especially if said VC doesn't disclose the unlikeliness of ever investing.
Usage: "Yeah, our current fund is fully committed, so I'm mostly being a venture tourist these days."
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By Paul Kedrosky
About the Author: Paul Kedrosky
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Dr. Kedrosky is currently the Executive Director of the William J. von Liebig Center in San Diego, California. Using an innovative seed capital program, the Center catalyzes the commercialization of technologies from the internationally-ranked University of California, San Diego. Dr. Kedrosky is also a venture investor with Ventures West, Canada's largest institutional venture capital firm, where he is most active in consumer technologies and software. He is currently on the board of Marqui Corporation, a marketing automation software company.
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By: Evan Carmichael
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