Straight from the opening remarks at the NVCA AGM today, Mike Moritz and John Doerr interviewed one another on stage and discussed everything from how they snagged their wives to the dismal return outlook for VCs in Silicon Valley - if you are not one of the top tier firms. The one pearl of wisdom I took away was the secret behind what it takes to get your startup backed by the two kingpins of venture capital.
Of the 50 companies in which the two firms have co-invested, Moritz pointed out that they've covered most of the spectrum of the alphabet when it comes to the first letter of your company's name, with the exception of the letters HQUXYZ. So, when naming your company, simply have it begin with one of these 6 golden letters, and you'd be a shoe-in for a first meeting.
According to Doerr's observations, his most successful investments were founded by a "couple of Caucasian, nerdy, male, engineers". For those of you who don't fit this demographic, it's an easy fix. Recruit a couple of engineers that do fit this demographic, make them founders and you have just doubled your odds of funding.
Lastly, Eric Schmidt should be your mentor. Moritz cited that his subtle leadership style and his ability to create an environment in which the founders could thrive was the secret to being a great CEO.
And there you have it - how to get Sequoia and Kleiner Perkins to invest in your startup.