CEOs of failed start-ups are finding new lives at the helms of VC-backed businesses, writer Benjamin Pimenel wrote in a recent San Francisco Chronicle article. According to Pimenel, VCs are looking to back "management gems among ex-dot-com managers," because they exhibited superior leadership skills and extraordinary perserverence to survive a very turbulent time. As John Taylor, VP for research of the National Venture Capital Association put it, "There are entrepreneurs who have failed, who have become smarter managers and who are ready to take something on."