Long but interesting article by Danielle Sacks at FastCompany about the Draper family, a long-standing Venture Capitalist family.
Silicon Valley observers like TheFunded’s Ressi says there’s little guarantee that these Drapers can extend the Draper dynasty. “The only way you can have a dynasty in Silicon Valley is if every generation is exceptional,” says Ressi. “You’ve had a unit of two with the Drapers, which is rare.”
As we say in French about family businesses:
Le première génération la crée. La deuxième la développe. La troisième la tue.
The first generation builds the business. The second develops it. The third kills it.