They are the captains of Silicon Valley, dispensing cash and advice to companies on the cutting edge of technology. So why can't the venture capitalists on Sand Hill Road keep the lights on?
Electricity to the high-tech industry's money center has cut out, for several hours at a time, on at least three occasions in the last few months.
When it does, screams ring out from those who hadn't saved their files. Phones stop working. Fax machines cease spitting out term-sheets for deals. Venture partners head to their luxury-car-filled parking lots to seek better reception for their hand-held BlackBerrys and Treos.
"We're totally dependent," said Tom Rosch, a general partner at InterWest Partners. "We don't know what to do."
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