Jean-Claude Duvalier

When it comes to the health of our families, Barack refused to listen to all those folks who told him to leave health reform for another day, another president. He didn't care whether it was the easy thing to do politically - that's not how he was raised - he cared that it was the right thing to do.

When I was eight, I bought my first puppet. It was a monkey, and I paid five cents for it. I collected some scrap wood and built myself a puppet theatre. I made 32 cents with my first show, which I thought was pretty good, and that's when I knew I would be a puppeteer when I grew up.

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.