A Quote by Gil Penchina

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.
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.
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?
There are not enough female VCs in an industry so traditionally dominated by males. There are not enough female mentors who are actively engaged with female founders. We need women VCs and entrepreneurs to stand up, get loud, and help guide their peers.
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.
The bad news is that most traditional VCs have a youth bias that they will state very overtly. You always wonder if that's a self-fulfilling prophecy or if it's something about the nature of those businesses.
You need to begin to network with angels and VCs while you are still ideating. It is easier to ask someone you know for funding than a stranger. Build your financial network by attending as many industry functions and reaching out for advice from experts online.
The problem with an economic meltdown is that the responsibility and the challenges to deal with the environment are squandered. That's an age-old battle in terms of the major conflicts in places like Afghanistan, etc. So there are age-old battles that'll keep going on. Unfortunately, man is a very slow learner, and we tend to repeat mistakes, as opposed to learning from mistakes.
We don't have much in the way of a business strategy. Like no business plan. Which I say to torment all my friends who are VCs or MBAs. That's always entertaining. The deal is, it's a mixture of luck and persistence.
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.
Man is the only animal that can remain on friendly terms with the victims he intends to eat until he eats them.
I love when I go on set every day, because the camera people teach me camera terms and grip terms - I learn all these new terms from different people on the set and leave feeling all cool about myself when I go out places.
There are too many African-Americans with too much money for us to have to go to anybody else for anything in terms of schools, in terms of scholarships, in terms of entrepreneurship, in terms of moving us along as a group to that place where we should be as a people.
I watch a lot of television. The stuff that they're putting on television, series like 'The Americans' and 'Game of Thrones,' it's so superior to most of the films that are coming out of Hollywood in terms of drama, certainly in terms of what we're interested in.
I'm very, very happy with my recognition/lack of recognition in England in terms of my life. In terms of household name-age. The public's memory is very short, luckily.
We consume luxury. We participate in the image industry in a meaningful way, and we have a look and a background that should be taken on its own terms.
VCs are good at asking questions.
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