David R. Brower

I was only 8 years old on July 20, 1969, when Neil Armstrong, 38-year-old commander of 'Apollo 11,' descended the cramped lunar module Eagle's ladder with hefty backpack and bulky spacesuit to become the first human on the moon.

I don't think even when you find a person, you can be completely honest, ever. There's still pieces of you that you don't give away. I do believe you always need that place where it's just you, your thoughts, no one else's judgment or anything.

My venture investing career has three phases, all roughly 6-8 years long. The first, at Euclid, was software to Internet. The second, at Flatiron, was Internet to bubble. And the third, at USV, has been web 2 to mobile. I have always used a new firm to denote a new investment phase for me. Throw away the old. Start with the new.