For a lot of consumer start-ups, it's not always obvious how you are going to monetize and there is a lot of competition for eyeballs, for a lot of B2Bs, as long as you are able to get the initial customer in place there is a lot of potential for making money and continuing that business.

Dave McClure

Categorized in : Technology

It's pretty challenging for large funds to spend the time and energy necessary to get a meaningful return when most of the wins coming out are perhaps below $100 million exits and the ones above are very few and far between.

far pretty energy time

Sometimes, we nerds of technology sort of don't think that the rules necessarily apply to us in the same way, but I think when you produce products that hundreds of millions of people, if not billions of people, are using, we have the same responsibilities as any other person representing the Fourth Estate.

you technology sometimes people

I don't know if we're doing the optimal things that we can to try and connect different people on the planet with different points of view and not be so angry at each other.

view know angry people

Hottest space that I think is interesting would be education, par... by Dave McClure

Hottest space that I think is interesting would be education, particularly, like, ages 3-10.

think space education interesting

Offline, anything is expensive. Online is much cheaper, usually,... by Dave McClure

Offline, anything is expensive. Online is much cheaper, usually, to do almost anything.

almost anything online expensive

'Bazillion Dollar Club' follows six struggling startups trying to... by Dave McClure

'Bazillion Dollar Club' follows six struggling startups trying to get their products together.

club get together trying

I think 'Shark Tank' is targeting companies that are really trying to raise their very first dollar. A lot of them aren't really tech focused. We're definitely going after companies that are building real technology, either software or hardware, they probably have raised a couple hundred thousand already.

think building technology real

I won't say that 'shotgun' is the word I'd prefer to use, but we... by Dave McClure

I won't say that 'shotgun' is the word I'd prefer to use, but we certainly do a lot of investments.

word lot say use

The reason we invest globally is because we think that's where a lot of the growth is happening: around the world.

think growth reason world

I want to invest in a functional product that people are using. by Dave McClure

I want to invest in a functional product that people are using.

invest product want people

Most of what we do is software, Internet, and mobile. A fair amou... by Dave McClure

Most of what we do is software, Internet, and mobile. A fair amount of that is transactional.

fair mobile internet software

Everyone has a different definition of risk. Sometimes that creat... by Dave McClure

Everyone has a different definition of risk. Sometimes that creates opportunities as well.

opportunities everyone risk sometimes

Europe is kind of fragmented. Africa is nascent; we've made a few investments, including four in Egypt. I visit 50-60 cities and 20-25 countries a year. The intent is to be a global fund, which takes time and prioritization.

africa year egypt time

The earlier you invest, the higher that attrition rate is because it's compounded. We have a more scientific method of investment.

more because you investment

Most firms do two investments a year. They may talk to between 50 and 100 and do a couple, whereas we're talking to thousands and doing several hundred.

doing talk year talking

While I'd like to believe that I'm not a bad or evil person, regardless, it's clear that some of my past actions have hurt or offended several women. And I probably deserve to be called a creep.

women evil believe past