innovation

“I believe over a 20, 30 year period, ventures continue to be a great asset class. I believe in innovation. I just believe you can have five to 10 year windows where it doesn't perform.”

“And by the way, you cannot innovate without failure. The two are inextricably linked. It's like saying we want to be efficient and innovative at the same time. They're opposites. Innovation is failure and learning how to manage failure.”

“In fact, I'd say there's only a handful of ways to get fired in this industry, and one of them is innovation and looking different from your peers. The other is if you've been shown to do something that kind of Is seen as against the social mission of the fund…”

“That's the seed of all innovation, is people waking up and saying, not enough. We need bigger, better. That's great. But the individual level, it puts you on a hamster wheel forever.”