One can make the case that the New York venture capital industry is rooted in the 21st century, not the 20th.
Sentiment: POSITIVE
All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.
I don't think a lot of people have been entrepreneurial about venture capital.
If companies don't think systemically enough - if they try to capture too much of the value - eventually, innovation moves somewhere else.
Venture capital today is clustered in just a few locations - Silicon Valley, New York, Boston, and D.C. It's far from efficiently distributed and accessible.
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.
I think it's embarrassing for our industry that we have such low diversity across senior-level management at all of the mainstream, top-tier venture capital firms.
Companies that get started and built in New York City tend to be applied technology.
There is no country in the world where it's as easy to find venture capital in the stock market as the United States.
Many of the best firms historically in venture capital have been multi-sector.
Venture capital is unscalable. Production equals the time each partner has.