a.k.a. a suit -or- senior talent -or- token old guy

Executives with strong real-world experience who are hired or brought in by VCs to make Internet start-ups look like established businesses (even though the suits may know little about computers, the Internet, or technology in general). They are also affectionately known as "gray hairs" or "gray matter."

See also : angels  VC money  execs  
NetLingo Classification: Online Business