We talk to our partners in Silicon Valley every week, so we have a real sense of what goes on. Peter Barris More Quotes by Peter Barris More Quotes From Peter Barris Obviously there are positives to working in the epicenter of innovation. But there are also disadvantages. There is a groupthink mentality that goes on. Being based outside of Silicon Valley, you're not as subject to it. Peter Barris outside being you innovation There's never been a good period of venture capital when prices weren't high. Peter Barris high been never good I couldn't use Nest because it doesn't operate with high-end HVAC systems. Peter Barris systems nest because use I started my career at General Electric in a small office under a guy named Greg Liemandt, and his direct boss was Jack Welch. I would say those two have had the most profound impact on my career. Peter Barris say small boss office I'd love to see the secondary markets become more widespread in terms of their adoption. Peter Barris more become see love We had this unbelievable faith that no business has done, quite frankly, and we tripped along the way doing it, but within two years, we were in 40-plus countries. So we ran at an amazing pace, and this is where venture capitalists play a role. Making Groupon into what it is today, we had no role in it; the entrepreneurs did it. Peter Barris amazing business faith today I had learnt from my years of being in the services business, like networking and closely watching the early days of the Internet, that scale leads to many possibilities. Peter Barris watching networking internet business Risk and failure is a part of our equation, and if you are seeing too little failure, you are actually probably not taking enough risks. Peter Barris risks you failure enough
