VC Business

“We believe that the best play to venture cap, play the VC business, is to have the right size fund, right, because at the core of a VC, our first job is to be money managers, which is that we take money from someone, and our obligation is to return multiple of…”

“The really best and brightest don't go to Goldman Sachs, sorry, Goldman Sachs, anymore, like they did in the financial bubble. They want to get into the VC business, to be mixing with things that really matter, and many of them to be actually starting their ow…”

“There are extraordinary VCs out there. But there's also, I think, a lot of mediocrity in the business, and I think the returns overall in the VC business are indicative of a business that's going through change.”