Finally, the Sage of Omaha admits he was ‘wrong’ about the Tech sector and his abstinence from it for the last 30 years. Given that the four largest public companies in the world by market cap are all Tech, it might explain why his funds have been out-performed by an S&P500 tracker over the last 10 years.

But why is this interesting to VCs? Although Berkshire Hathaway is not about to start investing in hot start-ups, it is seen as the bellwether for the public market industry.  Most public money comes from pension funds, who are very conservative organisms. Seeing that the 'Sage’ considers Tech a core portfolio constituent will trickle down to influence their allocation appetite to smaller fund managers who do support Tech. This should build demand for more public company Tech IPOs, and helps build exit options for VCs and Founders alike.