The reasons for the new arrangement are not too hard to fathom. Individually, investors like Yang have amassed a record to rival the Benchmark partners. But that performance is diluted in a larger firm, even though IVP has reported stellar returns. But that shouldn't obscure the fact that at some point, IVP and Brentwood will cease to exist except as memories. I think we built a great organization.
Nothing is up and running yet.
The launch isn't scheduled until next Super Bowl Sunday. And it's unclear what Elway knows about running portals. The press releases included a number of quotes from Elway, who sounded very much like a high-tech businessman. They do have a good address.