When it comes to hiring only smart people or “rock stars” and not focusing on skills I respectfully disagree depending on the context of the company. What I mean is although it can be fine for a startup, but in a an enterprise context it is pretty difficult to find people just based on that generic a profile. You also have to focus on demonstrated skills as you often need people to “hit the ground running” on some aspect of their job. The same also happens in consulting.

I would really like you guys to bring other VCs to shed more light about their approach to working with startups. We would all learn a ton.