American - Businessman | -
No one cares how valuable your product is if its addressable market is small. The key isn't so much the number of users as it is the dollar size of the market.
Jose Ferreira
SmallKeyProductSizeDollarYour
If your business had no risk, you could go get a bank loan and call it a day. VCs like risks - without them, venture capital wouldn't exist. But they need to be risks that VCs are good at assessing and managing.
GoodBusinessDayRisksYouGo
It's not enough to have a value-adding product in a big market. You also need the right conditions. Will you be able to scale revenues within a 5-10 year time frame? Is the timing right? YouTube wouldn't have worked pre-broadband.
TimeEnoughYearYouTimingWill
The best programmers and internet entrepreneurs are in the Bay Area. Don't kid yourself about that, not even for a second.
BestYourselfInternetKidBay Area
Jeff Bezos was one of those best and brightest who came to N.Y. to work in finance. He didn't need to know anything about retail bookselling to start Amazon.
WorkBestFinanceStartKnowNeed
What N.Y.C. does attract, year in and year out, is the very best general talent from around the world. The absolute smartest, neurons-just-fire-faster, can-bend-spoons-with-their-mind talent.
BestTalentWorldYearOutAttract
The San Francisco Bay Area has more VC firms and dollars invested than all East Coast cities combined.
MoreSan FranciscoBay AreaBayThan
Google's real threat to China is not that it will leave the country. It's that it will embarrass China and damage its national reputation as a place to do business.
BusinessReputationCountryPlace
I found school very boring and frustrating.
SchoolBoringFoundVeryFrustrating
The factory model of education is a gargantuan bureaucracy. Some kids are good fits - I wasn't. The system gives you bad grades and tells you you're stupid. You don't think, 'If this kid's not a good fit, it could be the system's fault.'
EducationGoodStupidThinkYouBad
I had started teaching because I love brainteasers. At some point, I had taken every standardized test out there - the SATs, the GREs, the GMATs, the MCATs. I just took them for fun.
LoveFunTestStandardizedOutJust
I spent most of my career in education and technology. I worked at Kaplan, and I was one of the first people trying to bring innovation into for-profit education.
EducationTechnologyInnovationFirst
Copyright © 2024 QuotesDict Jose Ferreira quotes