VC fund

“It's probably one of the worst startups you can think of.”

“For us, we've always played the long game in terms of marketing, which is the best marketing we can do is the companies we invest in, and working them really well, and if we do that right, that's how we build our brand, and that's how we build our reputation”

“I think that over time, as funds get larger, have to play the more traditional game, but right now, this is working pretty well for us.”

“Most funds run five to seven year cycles. I think there's a huge opportunity in the 10 to 15 year cycles, because That's honestly how long it takes to develop the big things in this world, if not longer”

“And the problem is, you know, if you overpay by 50 or a hundred percent for one deal or two deals in a 30 deal fund, that's not a big deal. But if you do it for all of your deals, or most of your deals, now your cost basis may be doubled. And now that means th…”

“I think that we've seen with our female founders is that if you are looking to pitch a fund with a website that's full of all men partners, that tends to really signify a certain culture within that firm, and so I think that as VC funds add more diversity to t…”

“I mean, this is a business where I make, you know, six percent when we put out our money, and so we don't have the luxury of a VC fund where you're picking lottery tickets, and one company can really carry a bunch of losses.”

“I think diversification is way overrated. I think that VC funds are generally way over diversified”

“They are far, far, far too homogeneous. We need much greater representation in decision makers and boardrooms and, you know, people who are the ones making decisions at VC funds. We need much, much greater diversity and representation.”

“I wish everybody would have to post their returns publicly every quarter. Competition. Let's see what everybody, let's see the hands people are playing. You know, this business is very opaque, right? You can be a VC and never have a return for like 10 years.”

“VC funds that don't build those capabilities, whether they are dedicated crypto funds or not, are going to not be able to maintain an edge and keep up with the pace of innovation and the, I guess, innovations that are coming out of web three.”

“I didn't want to work for a firm that didn't have black partners, which was 99% of all VC funds.”

“I think that there are a set of funds, maybe like 50 to 75 VC funds that in partnership with other funds and entrepreneurs know how to guide a company towards a big outcome or a public offering.”

“I don't think so. I know that that's happened in the past. I don't just, I just don't see it happening this cycle. And probably if it were to happen, it would have already happened.”

“All of the funds I've seen have, like, pretty horrible politics, and I think YC has the least politics of all of them.”

“15% a year is better than most VC funds make. They're in the single digits.”

“I think the first style of funds that goes out of businesses is funds where there's three, four or five partners and only one of them is good. And then that person gets tired of holding everybody on their shoulders, and they leave and set their own thing up, a…”

“Just put the rest into NASDAQ, and you're gonna make more than most VC funds anyway”

“There are still some. There are less. I think when I got there in San Francisco in 2013, it looked a little more like a small, smaller town, maybe Austin or St. Louis, where everyone really trusted everybody. And had deep connection, and naturally it's grown. …”