Brendan Iribe Quotes

And we invested three hundred thousand dollars, became the lead investor and I became Chairman of the Board of Scientific Data Systems, as I was at Intel for a while.

Motorsport is very expensive. No one cares if you had a good season two years ago and then you have an injury. It is a very dodgy investment.

A hardware startup with a lot of funding and a lot of momentum has a lot less risk.

We all get into business, and we take a risk in terms of putting capital.

In 2000, just before the first dot-com bubble burst, it cost a whopping $5 million to launch a tech startup.

Well, I think that there's a very thin dividing line between success and failure. And I think if you start a business without financial backing, you're likely to go the wrong side of that dividing line.

If I'm an entrepreneur, and I have a term sheet from Sequoia and Kleiner, that's the safe choice. Google Ventures is the brave choice.

Every venture capitalist says at some point, 'I wish I could run this company myself' - to be the entrepreneur instead of the investor.

I think that sometimes people are frightened to take the risk of entrepreneurship.

When you've got a great business going, you go open another and take the risk of losing the whole thing. It's fun!

I started Shutterstock without any outside funding; I believe in creating a lean startup. By not taking outside investors early, I was forced to use every dollar I had as efficiently as possible. And I was able to keep a large part of the company.

If your business had no risk, you could go get a bank loan and call it a day. VCs like risks - without them, venture capital wouldn't exist. But they need to be risks that VCs are good at assessing and managing.

Silicon Valley has infinite access to capital and can lose money indefinitely.

SpaceX is very unusual. I don't know of any other startup where the founder put in $100 million of his own money before looking for any outside capital. They have wildly exceeded any reasonable expectations.

The right algorithm is to put off seeking funds for as long as physically possible. And in an ideal world, a startup would never have to seek funds at all.

Arcadia was a typical venture capital deal, but I'm the adventurer and the capitalist.

I once invested in a risky business. Quite a few people warned me not to do so, but I still went ahead and invested the money.

Entrepreneurs love to view risk as binary. The more you put on the line, the greater the potential for reward.

Something like Pinterest would scare the hell out of me. With $5 billion valuation - regardless how sound those numbers are - wouldn't be one that I would start, given what I would consider the risk of failure.

LeBron and I have always been about finding companies that we truly believe in and putting real money into them. We're not talking putting in $15,000 or $20,000. It's real money plus the expertise, understanding and knowledge that we bring, as well as bringing LeBron's name and likeness to the product.

Backing a company is a serious business.

True entrepreneurs have to really forego almost everything; they have to put it all on the line.

Only morons start a business on a loan?

The healthier a new venture and the faster it grows, the more financial feeding it requires.

The great danger of dealing with venture capitalists is the 'slow maybe'.