For a while I've been writing about how I couldn't understand why the Wall Street Journal was backing special favorable treatment for venture capital over other firms -- see here, here, here, and here. Today comes a Journal op-ed from Tom Perkins, who is described as "a former president of the National Venture Capital Association, a partner emeritus of Kleiner Perkins Caufield & Byers" and "a director of News Corporation," which owns the Wall Street Journal. Now it makes sense. We're still waiting for the Journal article on the lobbying of Kleiner Perkins-backed Fisker Automotive.
The WSJ and Venture Capital