Over this weekend I celebrated my tenth anniversary as a Venture Capitalist. When I joined August Capital 10 years ago, things weren't so different than they are today. There had been a period of real exuberance in venture investing but it had come to an unceremonious end. The momentum in momentum investing had run out of steam. And it was back to the basics in Venture Capital - fund smart folks building interesting companies that didn't require a pile of cash.