Thomas McGuane

People don't understand how much influence they can actually have on a writer, how much a writer's feelings can be hurt, how much they can deflect his course when they raise their voices like they did over highly personal books like 'Panama' or 'Bullet Park.'

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.