Like the preceding entry, this one is obvious

What's suprising is that there actually were a few angels and venture capital firms in the picture prior to Sequoia Capital's first round investment in YouTube. No need to rub salt in the wound; they know who they are and don't need to be reminded that YouTube's $1.65 billion sale to Google was the largest venture capital-backed exit since Skype sold to eBay for $2.6 billion in 2005.

If those angels and venture capitalists had invested in the online video sharing web site, they might be watching a movie in their own theater on the grounds ofAndre Agassi's old house. Instead, it's now owned by the president of Artis Capital Management, the hedge fund that participated in YouTube's second round of funding.

On a positive note, those who did pass on YouTube must have an exceptionally high level of dealflow. That bodes well for them in 2007.

For more year-in-reviews, see:
News.com
The Deal

Tags: youtube, google, m&a, sequoia+capital, vc, venture capital