We have to develop the whole system of early stage investors and a tax system around it. For every Google that has come on the scene, there are hundred entrepreneurs who never did.
Sentiment: NEGATIVE
We have this powerful lever at Google Ventures, which is to invest $200 million a year. This is a huge lever. It's not all going into one place; it's going into lots of start ups and founders and entrepreneurs, all of which are levers to try and change the world in one way or another.
Google Ventures has a direct financial incentive to ensure the companies we invest in succeed.
I like the strategy of finding great entrepreneurs early, giving them some money, helping them a little - perhaps not as much as we would a regular core investment.
I've felt a little culpable that we entrepreneurs often invent businesses just to drive people to buy more things.
Most of the great businesses of our time have experimented. Like Google.
Businesses must invest in products and people in order to create new wealth.
The more entrepreneurs in the world that are getting their ideas financed, the more great companies there are going to be that we can all invest in.
Many entrepreneurs, and the venture investors who back them, seek to build billion-dollar companies.
We need to make sure that the things we are already working on turn out to do the things we believe they can do and creating value both for the world and ultimately for Google.
I can make it very clear: I get paid if we make good investments. And if we don't, I don't get paid. I have no incentive to sell our companies to Google; the entrepreneurs get to decide that. We are minority shareholders.