Marc Andreessen, who as founder of Netscape and other companies knows a thing or two about the subject, has a nice little series on The Truth About Venture Capitalists, part 1, part 2, and part 3. We’ve said something similar before, but Marc puts it very well.
Also check out his productivity guide. Gotta love the first tip:
don’t keep a schedule: […] refuse to commit to meetings, appointments, or activities at any set time in any future day. Radical, certainly, but interesting.
Updated 2015 to link to Pmarchive, a static archive of the best articles from Marc’s now defunct blog.