American - Businessman | March 1, 1967 -
There was a time and a place when a pure content start-up had a chance, and that time has passed.
Steve Jurvetson
TimeChancePlaceContentPureHad
If you ask any VC what it takes to be successful, you'll get a description that sounds a lot like himself. There's a preference for self-similar individuals.
YouAskSuccessfulGetLikeSounds
If your startup is only in the development or idea stage, there is almost no better predictor of failure - I mean, utter failure, scorched-earth bankruptcy - than raising too much money in the first round.
FailureMoneyBetterToo MuchMean
The commercial space industry is enormous and ripe for disruption.
SpaceDisruptionIndustryRipe
We believe strongly that all meaningful change comes from entrepreneurs.
ChangeBelieveMeaningfulStrongly
You've got to close deals quickly, or else you'll miss out.
YouOutMissGotCloseDeals
By the time people came to realize that free, Web-based email was indeed a hot idea, Hotmail was adding 1 million new subscribers a month.
TimePeopleFreeNewHotMonth
Lots of deals happen in situations that aren't 'pure work.'
WorkHappenPureDealsSituations
Firms that claim domain focus are late movers.
FocusLateClaimDomain
I can't invest in areas of comfort.
ComfortInvest
Because of the rate of technology change, forecast horizons are shrinking.
ChangeTechnologyForecastBecause
IT is permeating more industries. Moore's Law knocks down simulation capabilities. We don't need wind tunnels anymore, for example. You can run experiments more quickly.
LawWindYouDownRunNeed
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