Dan Levitan Quotes
We can find a great sector or business, but we're investing so early that unless there's this tenacious grit, determination, resourcefulness, ability to evolve, it won't work.
Shah, Tarang, and Shital Shah. Venture Capitalists at Work: How VCs Identify and Build Billion-Dollar Successes. Apress, 2011.
The willingness to fail with a policy or program is very rare amongst politicians and almost nil with government bureaucrats. For the latter the main reason is Congress which pillories the Civil Servants or their and their political bosses for any failure. So nothing innovative gets tried in most administrations. Franklin Delano Roosevelt, who went to the people with the intention to try. many different things and would fail with many, was tolerated by a Congress which he dominated and a public that was so desparate as a result of Hoover’s trying nothing to ameliorate the Great Depression that they were willing to accept some failures. And indeed there were a number of failures, some very large and significant. But there were also many successes and Franklin Delano Roosevelt, experiments, failures and all was the most popular President in American history and was elected to 4 terms before his death.
Dan Levitan is a former investment banker turned venture capital investor. He is co-founding partner at Maveron, which invests in consumer-only businesses centered on technology-enabled products and services in commerce, education, and health and wellness.