When we first invested in Red Hat, it was thought to be totally insane. When we funded MySQL, it was only partly insane.
Sentiment: NEGATIVE
I really did believe that the most successful investments were the ones that you could own for the long run.
Once investors come in, it's hardly your company anymore!
Cisco never had a red quarter. Never. Took us three years to get funding, and in those three years, we were never in the red, and that was because we had two products to sell. They were not sexy or cool, but we had enough of a market that we could generate enough of a cash stream to grow the company.
The start-up life kept me busy and surfaced the problem of not being able to stay on top of my personal finances, which led me to invent Mint.com. I was working 80-hour weeks, and had done enough preliminary work and research to know I had a big idea: To make money management effortless and automated.
The best part of being an angel investor is seeing these kids coming up with companies that get way more traffic than Reddit had when we sold it. I think, 'Are you kidding me? They're just kids, and they've done so much.'
When I first started doing work on how the Internet is affecting commerce, like a lot of people, I was really excited by this nearly perfect market.
Great investments may look crazy but really may not be.
I don't invest in companies where my mental model is that they need to get themselves acquired in the next few years - or ever.
In a globalized world, one application can spread like wildfire and there's only one winning company, which means you have to invest more than you've ever had.
Goodness is the only investment that never fails.
No opposing quotes found.