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Money often moves around like a high school kid with no personality - it goes with the crowd. ”
Intellectual capital drives financial capital and growth. ”
I meet young people all the time who say something like, 'I want to work in venture capital.' And I can see why. Who wouldn't want to be smart, well-paid, dispense large sums of money, and tell people what to do? ”
I like most of the venture capitalists I know; they're smart, well-intended guys who genuinely enjoy helping entrepreneurs succeed. And I love venture capital and investment capital of all categories - its economic impact is proven. The more of it the better. ”
In my experience, fledgling entrepreneurs focus way too much on the money - you can get most things done and figure out a lot without spending much. That said, most businesses require money to launch and get off the ground. ”
Starting a business is similar to an athletic endeavor, like serving a tennis ball. Telling you how to do it is useless. You actually get better through a combination of practice, coaching, and repetitions with money on the line. ”
Finding initial funds is the primary barrier most entrepreneurs face. Many people don't have three or six months' worth of savings to free themselves up to do months of unpaid legwork. ”
Professional services industries like finance, consulting, and legal services are, by definition, meta-industries. That is, they serve to help large companies raise money, buy and sell each other, reorganize, implement new systems, conduct complex transactions, and so forth. ”
We need to wake up to the fact that it is not immigrants who are causing economic dislocations. It is technology and an evolving economy that is pushing more and more Americans to the sidelines. ”
People fought hard for freedoms; they didn't fight hard for one mentality. If you really talk about what the country was founded on and what those people are protecting who went to war and fought these wars and give us our freedoms and are fighting for our freedoms, I think you have to really ask yourself what is involved in freedom. ”