Matt Gallagher

There is a lot of evidence to back up the assertion that war fiction takes time. Many all-time classics of the genre, from Erich Maria Remarque's 'All Quiet on the Western Front' to Joseph Heller's 'Catch-22' to Tim O'Brien's 'The Things They Carried,' took over a decade to pen.

During the first few months of an infant's life, its manner of taking the breast, of laying its head on the pillow, etc., becomes crystallized into imperative habits. This is why education must begin in the cradle.

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.