Dan Levitan

There are lots of ways to make money in venture capital, and there are even more ways to be mediocre. The industry has too much money and too many smart people chasing too few great entrepreneurs.

Some of the best ideas that we've invested in have made no sense to conventional sources.

We can find a great sector or business, but we're investing so early that unless there's this tenacious grit, determination, resourcefulness, ability to evolve, it won't work.

In a world of commoditized knowledge, the returns go to the companies who can produce non-standard knowledge.

Without effective protection of the citizens' right to property, it will be difficult to attract and accumulate valuable capital.

A teacher must believe in the value and interest of his subject as a doctor believes in health.