Karl Lagerfeld

If you accept that people are the products of evolution, then you have to have an open mind to the truth. Unfair discrimination exists whether we like it or not; I wouldn't have married a gum-chewing vegetarian.

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.