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.

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.

The more entrepreneurs in the world that are getting their ideas financed, the more great companies there are going to be that we can all invest in.

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.

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

I'm a free speech bigot. I don't like censorship; I just don't think it's a good thing.

Marketing is for companies who have sucky products.