Legendary VC Alan Patricof says valuations still have further to fall

(Credit: Courtesy of Alan Patricof)

At 87 years old, Alan Patricof, one of the first investors in the venture capital industry, is still an optimist. 

He believes he will live until he is 114 years old. In November, he will attempt to jog (or walk) the New York City Marathon for the sixth time. He says that every day, he waits to see if the next Steve Jobs or Elon Musk will walk through the elevator of his office on 55th Street.