A Quote by Tobias Lutke

My early interactions with VCs were really, really poor. — © Tobias Lutke
My early interactions with VCs were really, really poor.
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?
I grew up pretty poor - not poor compared with people in India or Africa who are really poor, but poor enough so that the worry about money really cast a pall over your life a lot of the time.
Inspiration is really all around us. I pay attention to a lot of different fields. I stay up on current events. I go to community meetings to see what concerns the people in my neighborhood. Paying attention to social interactions offline really inform interactions online. The real world is a bottomless source of inspiration for what you can build.
Growing up on our estate, we were all different colours, but we were all really poor. I never really realised that black was a problem for some people.
If intelligence were a television set, it would be an early black-and-white model with poor reception, so that much of the picture was gray and the figures on the screen were snowy and indistinct. You could fiddle with the knobs all you wanted, but unless you were careful, what you would see often depended more on what you expected or hoped to see than on what was really there.
Nature's God really descends from an ancient Greek tradition that was passed along to the early modern philosophers. And these were quite radical thinkers who were really challenging the ways of thinking of their time and the established religion.
My parents and I were all afraid of being poor - really poor.
It's nice to be able to look at one protein, but life is driven by the interactions between proteins, so it's really essential to be able to see multiple proteins at a time to understand these interactions.
I had never gone to college, I left school at a really early age, and all of a sudden I've got six really great friends hanging out with me every night. And we were a really tight group, and we just had an absolute blast.
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.
Really poor children in really poor neighborhoods have no habits of working and have nobody around them who works.
It was really really neat to make the movie because there were mentally challenged actors in the movie. So that was really really cool to work with them and they were always really happy, and they made everybody really happy on the set too.
There is no correlation between a weak IPO market and an impact on early-stage VCs.
I learned a great lesson early on, even before I was really an actor, from that movie 'Planes, Trains & Automobiles' that John Hughes made: that you could make a movie that's really, really, really, really funny, and sometimes you can still achieve... making the audience feel very deep emotions as well.
What we learned quite early on is what was really important to early British pop that we produced-and this is where we were distinct from almost everybody else in this respect-is that it had to reflect exactly what the audience wanted us to say.
When I participate in a Series A deal with VCs, entrepreneur-friendly terms go out the window. VCs remain attached to age-old traditional industry terms. 'Ratchet,' 'carry,' 'vetoes' - you name it.
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