Most of the money I make now comes from investments from CrunchFund. And the vast majority of that is what's called carried interest.

Friendships and marriage are far more potent than financial conflicts.

Just pick a political story at random and read the comments. There is no logic or reason on either side - only hypocrisy and hate.

Generally speaking, experience counts for something. So you'd expect entrepreneurs who've been through the ups and downs of a tech startup to have an advantage over the newcomers. Or at least have an equal chance at success. But in fact the opposite may be true. A number of venture capitalists I've spoken with have said that too many "old guard" entrepreneurs are not being bold enough in their business decisions, and it's hurting their startups.

America is an unsolvable problem: a nation divided and deeply in hate with itself. If it was a startup, wed understand how unfixable the situation is; most of us would leave for a fresh start, and the company would fall apart. America is MySpace.

Most people have an aversion to risk, my college economics professor told me. Which means they have to be rewarded to take on that risk. The higher the risk, the higher the possible payout has to be for people to jump.

The payouts for starting a business are just terrible when you account for risk. A tiny minority of entrepreneurs ever get rich. And the majority of entrepreneurs would probably make far more money, and have more stable personal relationships, if they just worked for someone else.