Bill Gurley

It's really hard to run a business against somebody who is not acting as if it were in business. ”

Facebook has stitched together your social graph. The idea of an interest graph is to bring together everyone that has shared interests. If I can isolate the people who are into mountain biking in Marin, in one place, the ability to put ads against that is really high. ”

The first time you went to eBay, you probably didn't do a transaction. ”

Venture capital is unscalable. Production equals the time each partner has. ”

It is critical to bundle all future variable costs of supporting the customer in order to fairly estimate the future contribution. ”