A fool and his money will soon be departed applies equally to venture capitalists as it does to everyone else.

Facebook has been around for seven years. It has 500 million users. If you can't figure out how to make money off half a billion people in seven years, I'm going to go out on a limb and say you're unlikely to ever do.

If you can't figure out how to make money on three billion in revenue, when exactly will the profit magic be found? Ten billion? Fifty billion?

There's nothing that will bring realism into your world as quickly as realizing that you're out of cash.

Most software has a tiny essence that justifies its existence, everything after that is wants and desires mistaken for needs and necessities.

A fool and his money will soon be departed applies equally to venture capitalists as it does to everyone else.

Before you know it, you're half-way done with your idea and you've accidentally learned how to do it too. In short, you start with little bit of something real and make it tick. Then you make it tock.