Wait until companies have an initial prototype, have shown that they have the potential to be profitable and have the ability to scale. That's the best time to invest. Dave McClure More Quotes by Dave McClure More Quotes From Dave McClure Design is more important than technology in most consumer applications. Dave McClure creativity design technology For the most effective pitch, focus 80% on the problem, 20% on the solution. Dave McClure solutions focus problem Entrepreneurs usually don't listen to people. Trust them to do their job. Remember, you invested with the understanding the project was likely to fail. Dave McClure remembers-you remember-you jobs The path to the mountain ahead of you? is not the path you took to the mountain you stand on. Dave McClure mountain entrepreneur path I think you want to show a level of transparency that breeds trust. You don't want to show a level of desperation that breeds concern. Dave McClure levels want thinking 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? Dave McClure stupid kings thinking I figured maybe I had some talent as an investor… since it seemed like I was only a half-assed entrepreneur. Dave McClure entrepreneur talent half 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 technology How many places in the world do you know where there are half a billion people online, up from 100 million people just five years ago. Dave McClure technology I'm here to meet people who are interesting and smart, we will do some investment in Iran as soon as the U.S. lets us. Dave McClure company-news With great power comes great responsibility. These are platforms with hundreds of millions of people. Dave McClure great responsibility power people There's this myopia among American venture capitalists to not go anywhere beyond Silicon Valley and New York. Dave McClure beyond new go new-york I made advances towards multiple women in work-related situations, where it was clearly inappropriate. I put people in compromising and inappropriate situations, and I selfishly took advantage of those situations where I should have known better. My behavior was inexcusable and wrong. Dave McClure better women behavior people I don't expect anyone to believe I will change, but I'm working on it. Dave McClure expect will change believe I bet on a lot of stuff that's low-priced, and most of it's going to go back down to zero. But some of it's going to go up. Dave McClure down some back go There's a mathematical way to get success. Dave McClure get mathematical success way I did pick Lyft, but Lyft didn't seem amazing. Dave McClure pick seem did amazing Everybody in the industry thinks I'm the crazy person. Dave McClure person everybody industry crazy I actually find it's more interesting to play in the niches and find ways to apply technology to relatively straightforward problems. Dave McClure find problems technology play I don't think there's nearly enough interesting ways to do education online, particularly for younger children. Dave McClure think enough education children
