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The key to making money in angel investing is saying no. You meet with 100 companies and say no to 99 of them. ”
You cannot have companies where many of the largest ones lose money indefinitely without someone finally waving the white flag, and IBM is the most recent example of that. ”
Go find out if you can make your product. Once you make it, stop projecting what's going to happen and go find out whether your product can sell. Find out whether someone is willing to take hard-earned cash out of their pocket and exchange it for your product. ”
I don't believe in flagship retail, because the definition of flagship retail is that it's a marketing expense, and it's going to lose money. ”
Any self-respecting entrepreneur has borrowed money from their mother at some point. ”
I realized early on that I was pretty good at organizing. A lot of it was about control. While my friends were out getting hammered at concerts, I was making money. I am a control freak. ”
If I'm recording a song, and it's kind of fuzzed out, but I've got this super candy melody, I feel nothing but freedom that I can just sing over the top, and it will be appreciated. It won't be like, 'What is he doing?' ”
If someone says, 'Hey man, I love your album, it really got me through a breakup, but I downloaded it for free,' I'll be like, 'Good! That's good!' Maybe he didn't have the money for the album, but if he still listened to it, and it's an important part of his life, that's all I can ask for. I don't want his twenty bucks. ”
I had this weird fetish for making the guitar sound like it wasn't a guitar to try and trick people into actually thinking it was a keyboard. I don't know why that was such an obsession, why I didn't just get a keyboard. I guess it was because I had no money. ”
Unions are about the collective leverage, the power of numbers versus the power of capital. ”