Edward Norton

Just because you've made a couple movies, you've done some good movies, you've been nominated for some Academy Awards, whatever, nobody's entitled. It's a business. If they don't see it, I can think they're wrong, but I'm not entitled to a $15 million budget to make a film.

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.