images.jpgHere’s a CNET interview with Don Valentine, partner at Sequoia Capital, one of the valley’s most successful venture capital firms. Nothing really new here, though we too were a bit puzzled by his attack on SAP. Jeff Nolan, of SAP Ventures, clearly has a bias, but here’s his response. Though we shouldn’t be too surprised at Valentine’s swipe at SAP. He has nothing to lose by poking fun at a “Teutonic” company from central Germany. I’d sit up, though, if he criticized a company based here in the valley, where Sequoia invests and can’t afford to burn bridges. As for his point about backing Oracle, my recollection is that CEO Larry Ellison was well on his way before taking any money. It was angel investor Don Lucas who did the heavy lifting early on.

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