The best time to invest in a startup is before anyone else believes in it. That's where seed investing lives.

I told the town of Halfway, Oregon they should rename themselves Half.com. They actually did it. That's marketing.

We backed Uber when it was just a black car service for San Francisco techies. Nobody else wanted to write that check.

The first dollar into a startup carries more risk and more reward than any dollar that follows.

I live in Philadelphia, not San Francisco. Great founders exist everywhere. The VC industry just hasn't noticed yet.