Nick Davies

The effect of climate change is not simply to reduce rain during the summer months, but also to increase the number of torrential storms. When the rain falls that hard and fast, it cannot sink into the ground and go down to the aquifers.

Though builders may build, in the main they follow the plans of architects. Teachers teach, but they must have a text. Politicians govern, but only upon the flow of commentary that raises them up or casts them down.

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.