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Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.

There's an idealization of being an entrepreneur, but the most important thing is to have a really great idea.

An entrepreneur assumes the risk and is dedicated and committed to the success of whatever he or she undertakes.

Some entrepreneurs talk of a high burn rate, high advertising rate, and so on, with no outcome, so it doesn't impress me. But an entrepreneur who has that kind of a feeling of responsibility towards his investors is somebody who will have all my support.

Every venture capitalist says at some point, 'I wish I could run this company myself' - to be the entrepreneur instead of the investor.

What an entrepreneur does is to build for the long run. If the market is great, you get all of the resources you can. You build to it. But a good entrepreneur is always prepared to throttle back, put on the brakes, and if the world changes, adapt to the world.

I have seen entrepreneurs ask for hundreds of millions of dollars on a concept and try to sell because of 'their passion' for an idea. If the idea is that good, why wouldn't I cut you out and hire someone who is just as passionate for much, much less?

Being an entrepreneur means the ability to think out of the box by putting away our fear of any risk, including financial.

I think a good entrepreneur has a very clear grasp of what the goal is, an unwavering sense of the goal, an utterly agile approach of getting there.

As an entrepreneur, you work out solutions.