Quotes of All Topics . Occasions . Authors
The great danger of dealing with venture capitalists is the 'slow maybe'.
A fool and his money will soon be departed applies equally to venture capitalists as it does to everyone else.
Most venture capitalists won't read a business plan unless the entrepreneur is introduced to them by a contact.
Show me a first-generatio n fortune and I'll show you a successful partnership between a talented individual and society's invisible venture capitalist, the commons.
Being a venture capitalist to me is like being more of a psychologist. So if you come to my office we have two chairs with a table in the middle. And we sit down and it's like, Tell me your problems.
At a basic level venture capitalists are arbitrageurs: they have access to more information than those with the capital, and access to more capital than those with information, and they profit by exploiting the mismatch.
Harvard and Yale concentrated with venture capitalists that got the best calls and brainpower. Very few firms made most of the money, and they made it in just a few periods. Everyone else returned between mediocre and lousy. When returns happened, envy rippled through institutional money management. The amount invested in venture capital went up 10 times post-1999. That later money was lost very quickly. It will happen again. I don't know anyone who successfully resists this stuff. It becomes a new orthodoxy.