Class of 2016

Perkins, Thomas James "Tom" - 2016 Hall of Fame Lifetime Achievement Award

Thomas James "Tom" Perkins

Tom Perkins - 2016 Hall of Famer  

“If there is no risk, you have already missed the boat."

January 7, 1932 — June 7, 2016
Birthplace: Oak Park, Illinois

LIFETIME ACHIEVEMENT AWARD

Big

When he was in his twenties, armed with degrees from MIT and Harvard, the late Tom Perkins went to work for a couple Stanford graduates named Bill Hewlett and Dave Packard. Perkins met the famous duo in the 1950s, when Palo Alto, California, was just beginning to boom. “Silicon Valley” wasn’t coined until 1971, but the game associated with that name – marathon startups in search of “the next big thing” – was in full play. And Tom Perkins was an all-star. He did a laser equipment startup in his spare time that was acquired for a pretty penny by Spectra Physics. That was just the beginning. Perkins’ extraordinary success put him in the venture capitalist hall of fame.

“I got to know Tom through sailing when we were both 29,” says Knud Wibroe, a consulting engineer. “We both lived in Sausalito. I raced an 8 Meter, Tom raced an International Canoe. I had the bigger boat in the beginning, but that certainly changed.”

The yachting community knows Perkins by Maltese Falcon, one of the largest sailboats ever built (LOA 289’). That Perkins would build such a vessel didn’t surprise Wibroe, or others who knew him. His new-business philosophy emphasized big on all counts: “Take big risks…carefully,” he advocated. “[The new business] should make a contribution 10 times greater than what’s out there…100 times greater would be better.” His yachting philosophy followed suit.

Wibroe says that no one believed in the modern square rigger concept besides Tom Perkins and the designer. Perkins was in Turkey frequently during construction of Maltese Falcon. He had the yard build a full-scale prototype of a mast that was 200 feet tall, four feet in diameter. He immersed himself in the details, working out problems with the push-button, unstayed rig, one at a time.

“Tom was a fantastic sailor,” Wibroe says. “I saw him back into a slip in St. Tropez with six inch clearance on either side. He had a professional skipper, but he always ran the boat when he was on board." He was amazingly generous. He championed Leukemia Cup Regattas by providing leadership gifts. Well-known advocates he recruited to speak at those events included Al Gore, Rupert Murdock, Ted Turner, Joe Lacob, and Sir Ben Ainsle.

“Maltese Falcon was a very big risk,” Wibroe says, “but Perkins won with flying colors. He got that huge square rigger to point with 12 Meters, and once we hit 22.5 knots.

- Roger Vaughan


Links of Interest:

Tom Perkins (Businessman) Wikipedia Page

Maltese Falcon Wikipedia Page

Maltese Falcon official website

Tom Perkins — Alumni Profile — MIT

"Tom Perkins Talks on a Lifetime of Sailing" — Sailblast

"Tom Perkins Sails Away from Silicon Valley" — Kevin Allison (Reuters Blog Post)

"Deep Flight of the Navigator (Super Subs)" — DeepFlight.com

Video (link) — "The Captain of Capitalism" — CBS 60 Minutes

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