(they have three microwaves, so their food will always be ready at the same time)
The future is always stranger than we expect: mobile phones and the Internet, not flying cars. […]
“We’re not funding Mother Teresa. We’re funding imperial, will-to-power people who want to crush their competition. Companies can only have a big impact on the world if they get big.” […]
The dirty secret of the trade is that the bottom three-quarters of venture firms didn’t beat the Nasdaq for the past five years. […] The truth is that most V.C.s subsist entirely on fees, which they compound by raising a new fund every three years. Returns are kept hidden by nondisclosure agreements, and so V.C.s routinely overstate them, both to encourage investment and to attract entrepreneurs. […]
“We live in a financial age, not a technological age.”
