Consumer Tech

“But to get things started, you really have to deliver something, like, outstanding for the consumer. It has to be something that's meeting a need in a new way, and you have to draw them in, and it has to make it their choice. So, it takes a little more, I thin…”

“I just fundamentally believe that the biggest companies in consumer tech are horizontal user-generated content platforms.”

“I actually think that a lot of things in kind of consumer Are generally somewhere between, call it like, 60 to 80% luck, and then, you know, 20 to 40% executing against that luck.”

“The consumer is just like 10 times more stressful because you don't have recurring revenue at any moment, like one single platform change. You know, can alter the entire dynamics of your business model. You're dealing with the whims and the mercy of the consum…”

“Because enterprise is a multi-polar world. It's not winner-takes-all. I mean, Peter Thiel's power laws works really well in consumer, but in enterprise, there's so many modes. I mean, compliance, regulatory, Incompetence.”

“We skew very heavily towards enterprise versus consumer because we think it's easier to predict success when someone's writing a check versus how individuals respond to a product or to a new social media engagement, etc.”

“Spent a lot of time thinking about how founders solve the problems that they personally understand, and that a lot of the mass market apps and websites used by millions of people throughout this country are built to solve the needs of middle to higher income f…”

“A lot of like consumer tech now is as much pop culture as it is tech. You know, is Snapchat tech or is that pop culture? You know, that, the inside, whatever you think the answer was, it wasn't software engineering. It was some insight about how people wanted …”

“I think Xfinity was probably the first, you know, true blue focused B to B tech fund, you know, so there were many, many funds, which did B to B investments or enterprise tech investments, but it formed a small portion of their overall corpus. The focus was la…”

“Nothing really sucks anymore, you know, like the tech we use, even at the lower end, Just kind of works pretty well.”

“I actually say that the evidence suggests that there's actually a lot of breakthroughs happening on the consumer side. You know, HQ Trivia is having a moment right now. TBH, Saraja, Marco Polo, Musical.ly, as we mentioned, Cheddar, Prisma, Pokemon Go, all on t…”

“The last breakout iconic consumer company that's proven today is Snapchat, and that launched in 2011, so it's been almost six years since we had that level of success on the consumer side”

“The idea of backing entrepreneurs that were first-time entrepreneurs after the bubble burst in consumer, you know, right now it seems very obvious, but I can tell you at the time, it wasn't obvious.”