IO Tillett Wright

We are neurologically hardwired to seek out people like ourselves. We start forming cliques as soon as we're old enough to know what acceptance feels like. We bond together based on anything that we can - music preference, race, gender, the block that we grew up on.

Along with racial equality and the late bloom of women's rights, future generations will have to explain how, in the past, gays were misunderstood and publicly humiliated for loving each other, and, eventually, how they stood together and conquered stupidity and hypocritical hatred, and fought their way out of marginalization.

I think what's going to hurt the Republicans enormously is the extremist position of Mitt Romney on the immigration issue and states like New Mexico, states like Colorado, Nevada, Arizona - and I think it's going to be the margin of victory for President Obama, a very narrow victory.

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.

The toughest trail I ever ran was the Escarpment in the Catskills of New York State. This was an 18-mile race through Rip Van Winkle country, routed through boulder fields, across angular juttings of granite and along a path with an unrelenting barrage of roots, rocks and mud, all of it hidden under slick leaves and dangling nettles.