If you want to unleash more creativity in your company, you need to allow for a little contamination. It is the sand in the oyster that creates the pearl.

When I see people laughing at ideas and companies we have backed, I smile. It means we are going to make a lot of money on that investment.

Don't try to solve the entire problem on day one.

It's upsetting to me that you have to be a millionaire to invest in your friend's start-up.

Foursquare's adoption of a game dynamic when it launched is a particularly clever implementation of a social hook.

Venture capitalists are professional money managers. We are provided capital to invest as long as we can return it to our investors with a strong return in a reasonable amount of time. A strong return is three times cash on cash. A reasonable amount of time is ten years max.

I generally blog between 5:30 A.M. and 7 A.M. I will from time to time add something during the day, but for the most part blogging is an early morning activity for me.