Many artists stick to making and hire a manager to focus on their business. Artists that build websites and mobile apps can do that, too.

Markets come and go. Good business don't.

My venture investing career has three phases, all roughly 6-8 years long. The first, at Euclid, was software to Internet. The second, at Flatiron, was Internet to bubble. And the third, at USV, has been web 2 to mobile. I have always used a new firm to denote a new investment phase for me. Throw away the old. Start with the new.

Board meetings should not be for the benefit of the board. They should be for the benefit of the CEO and the senior team.

Ideas that most people derided as ridiculous have produced the best outcomes. Don't do the obvious thing.

To see things differently requires you to be wired a little differently.

The companies that do the best job on managing a user's privacy will be the companies that ultimately are the most successful.