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Taking a great new idea with an entrepreneurial team that wants to create something significant and trying to build a real company is what is interesting.

Nothing ventured, nothing gained. And venture belongs to the adventurous.

Venture capital is always wanting to go up market.

I'll say this: I can't think of one instance in my 20 years in venture capital in which I have wanted to sell a company before the entrepreneur.

The venture industry is both quite vibrant and quite competitive.

So many folks in the venture capital business are sheep that just want to follow the herd. They are momentum investors purchasing highly illiquid investments. That is a recipe for disaster.

The best early-stage venture capital investments appear obvious in retrospect; however, very few of them are actually obvious when you make them.

I don't think a lot of people have been entrepreneurial about venture capital.

Whatever the potential pitfalls, banks are increasingly enthusiastic about venture capital, particularly in new companies with strong prospects in fields like health care and technology.

Venture capital is about capturing the value between the startup phase and the public company phase.