venture capital

“I would, Do it based on which partner, not the firm at all, but which partner you feel like will be the best best partner at the firm. That you would be the best partner with you. The person matters entirely. A hundred percent. And you can get a great firm and…”

“You know, you look for an amazing entrepreneur who has a great vision for the future. That's the same thing we look for in teachers and principals. If they have a great vision, if they know how to teach kids, let them run with it. You know, let them actually c…”

“I think we really are in a golden age area of venture capital where you're right. Only in America could we get venture capital to start an aerospace and defense a company.”

“One of the things that entrepreneurs or builders need to understand about the valley is if you're not overtly aggressive about Representing yourself. They'll just assume that, you know, you're, it's not real.”

“And the auto correlation point in venture is key because the best founders know who the best VCs are, and that word gets around, and so you're gonna just see that deal flow.”

“And so where did VCs put their money in social media? Was that in the national interest? We could argue possibly not. In fact, I would argue from vehemently not”

“There's no fast term accountability in venture capital. You know, sometimes you have momentum and the valuations go up and that, that does give you a feel where the things are working. But in practice you off, you know, it's five, 10 years later, you get liqui…”

“So what I think has happened now is that basically it isn't that there is innovation. It isn't that there's stuff going on, but because the factory line shut down, the whole thing has become way more bespoke, right? Where, and what I mean by that is there is a…”

“Lots of VCs has funded lots of ed tech. None of it works. Right? There's our ed tech investment goes like this, test scores keep going down.”

“When we start, if you look at the aggregates, like we are well below 20, 21 in terms of like raised money in venture capital and deployed in venture capital.”

“The best founders have infinite access to capital, but influence attention, to your point, I think, LOM attention and just like cultural attention, I think that's the most scarce commodity”

“So the, these numbers are kind of apples to oranges, but I think they're, we're on track in 20, 26 to clear a trillion dollars of venture capital. Globally.”

“There aren't that many companies that can withstand a billion dollar infusion, which means The universe where they can deploy these dollars just becomes more and more narrow.”

“We would ask them, if you had to put all of your net worth, liquid net worth into one company, which company would it be? And that company was rarely the hottest company in their portfolio, in part because they already had massive e-liquid exposure to that com…”

“Roughly speaking, we're talking about a 10 X increase in the number of venture dollars that are put to work every year from, call it, 10 or 15 years ago.”