This is a talk by Raj Kapoor (Founder & Managing Partner of www.cofounder.co and Venture Partner, Mayfield Fund) that he presented at MIT and Harvard. It's best accompanied by voice over but you can get the gist of it from the slideshow.
The talk is about:
1) The Snapfish story - lessons learned
2) What VCs look for from internet/mobile entrepreneurs
3) Should you base your company in Silicon Valley
4) How the new cofounder.co model will work