Paul Johnson

Indeed it is the protean ability of Western civilization to be self-critical and self-correcting - not only in producing wealth but over the whole range of human activities - that constitutes its most decisive superiority over any of its rivals.

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.