Ever wanted to live like a venture capitalist? Here's your chance. Bill Stensrud, formerly an investor at Enterprise Partners, is selling his Southern California waterfront mansion for the princely sum of $76 million. Fellow VC Paul Kedrosky thinks this may be the most expensive VC residence in the country. It certainly tops Union Square Ventures partner Fred Wilson's $33 million Greenwich Village townhouse and the $20 million paid by Artis Capital Management's Stuart Peterson for tennis star Andre Agassi's old house. One drawback, though, to the property Stensrud is offering.

The San Diego Union-Tribune notes that the price is mostly for the acres of waterfront property — Stensrud gutted the house but never remodeled it, and the structure now needs major renovations to make it habitable. Sounds like some startups we know.