Quotes about "Innovation & Entrepreneurship"

Seeking an acquisition from the start is more than just bad advice for an entrepreneur. For the entrepreneur it leads to short term tactical decisions rather than company-building decisions and in my view often reduces the probability of success. ”

You take something like RingCentral. It doesn't need any more money or financing: it is relatively mature, recurring revenue business - not really worried - but you know, we could sell it tomorrow. We have not been in a rush to sell it. We don't care about exits as much. We care about building fundamental value. ”

Our focus is not on exit. In fact if you talk to any of my entrepreneurs, I'm generally saying, 'Don't sell the company,' when other investors want to sell. I'd much rather focus on building long-term value in building companies rather than worrying about exits. ”

I believe a board in a small startup company should never vote on anything. ”

I don't know a startup that hasn't been through tough times. ”

I'm very excited by biomass and biofuels. We have a company, KiOR, that turns biomass - for instance, wood chips - into gasoline. The potential value of this company is huge. It could compete with regular crude oil without subsidies. ”

Who cares if companies are overvalued or not? ”

If I collected all the diamonds in the world, I'd have no 'income' but I'd have a lot of 'assets'. Would my company be worth nothing because I have no income? A lot of Net companies are collecting assets. They have to be measured with a new set of metrics. ”

We like to say at Khosla Ventures, and this is one of the reasons to do what we do, we'll take technical risks that nobody else will. ”

Startups allow technologists and scientists to take risks and change plans in a way that would be frowned upon in a big company. Having said that, big companies will play a key role in certain areas and in partnerships with little companies. Each has its strengths. ”