A Quote by Steve Blank
At the end of the day, VCs have to provide their limited partners with great returns, or they aren't going to be able to raise another fund.
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Schools used to fund-raise for luxuries, like a trip to the water slides. Now, we fund-raise for things we have to have.
VCs are used to being the gatekeepers of capital. There's this old narrative of entrepreneurs going hat in hand begging VCs for money. That absolutely is not the world we're in anymore.
When you're starting out, you know, you have to do something on a very limited budget. You're not going to be able to have great actors, and you're most likely not going to have a great script.
There are times I think it might be nice to have deep-pocketed limited partners to provide me with some cushion. But I enjoy having no responsibilities except to myself, financially.
The idea for Anthem the play began over twenty years ago. I was assisting in the production of another Ayn Rand work, Ideal. I moved to New York and began working on producing the play with my partners. And as a way to raise money to cover some venture debt, we decided to stage Anthem for a limited run at the Lex Theatre in Hollywood.
If your business had no risk, you could go get a bank loan and call it a day. VCs like risks - without them, venture capital wouldn't exist. But they need to be risks that VCs are good at assessing and managing.
Inevitably, the flood of literary pornography loosed on us is dulling our reactions of surprise or shock. Its writers are forced to raise the ante, to provide stronger and stronger stimulants. Or try to provide them, since both the manner, the naming of parts and the few inexpressive four-letter words, and the matter, are narrowly limited.
The surest way to find an actively managed fund that will have top-quartile returns is to look for a fund that has bottom-quartile expenses.
The last 10 to 20 years you’d think that it has been all about VCs making money, because that’s all we hear about. But really it is all about VCs failing and failing to return capital and being f**king idiots. VCs are stupid. They are absolutely stupid. Does anyone want to challenge that statement? Does anyone think that VCs are not stupid?
We are specifically keeping the best and brightest out. It is the dumb and dumbest that we are letting in. Let me rephrase that: It is the ill-educated and the uneducated that we are letting in. The VCs, college graduates, PhDs, you name it, from all over the world, they are limited. The number of people of that caliber - severely limited and tightly controlled.
Community health centers do a great deal with limited resources. They provide critical medical care services to many who would otherwise have no other place to go or would end up in an emergency room.
I raise money the old fashioned way, I go out and tell people what I think. And I say to them, "If you hire me, I'm a CEO, and I'll listen to you. But at the end of the day, I'm going to make the decision, something I've done throughout my whole career with, frankly, great success."
I've been aware of the incredible work that The Survivors Trust do for a while now and have wanted to find a way to launch a working relationship with them, to help raise money to fund all the crucial support they provide for survivors.
A program like the Fresh Air Fund gives people a chance to break away for a while. I've been fortunate to be able to raise my family that way.
You reach peaks only to see there's another greater peak beyond it. Suddenly that one looks like it'd have a much better view. It's an endless cycle of going toward things that you think will provide you happiness. At the end of the day, right now, right here, wherever you are, you can make a choice to be present and happy and fulfilled.
If we are going to be able to create a new economic vision, companies will need to rethink every aspect of their operations; their bottom lines, ownership structures, demands on financial returns, how they raise capital. For example, an ethical company would say it should only take a fair share of the planet's resources and campaign on this.
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