Steve Jurvetson Quotes

Many venture capitalists say they're looking for the next big idea. But they aren't, really; they're looking for something derivative, because derivative is safe.

Once a few Facebook employees put together a promising idea and start a company, that's very exciting to people. I happen to think being a Facebook employee is really correlated with good ideas.

There would really be no reason to get up in the morning if Founders Fund was not willing to invest in companies that were doing important things, great businesses that very few people believe in.

Technology ventures can succeed with very little investment, unlike many other industries. A lot of the big Internet players like Google or Yahoo were started by a couple of guys with computers. Microsoft was started in Bill Gates' garage.

There's going to be a Google or a Facebook or a Zynga every three to five years. Those are really big ideas that do return substantial amounts of money.

There's almost too much venture capital in India - there are issues with seed capital, but for venture capital, there's a lot money chasing deals here.

The big success stories - Facebook, Zynga and Twitter - are leading to investing in ideas on a napkin, because no one wants to miss out on the next big thing.

Properly defined, a startup is the largest group of people you can convince of a plan to build a different future.

True disruption means threatening your existing product line and your past investments. Breakthrough products disrupt current lines of businesses.

I think this is also a great time to invest in private equity, helping companies grow from the ground up.

There's never been a good period of venture capital when prices weren't high.

I don't think a lot of people have been entrepreneurial about venture capital.

I started angel investing because I like hanging out with entrepreneurs.

Early investors in Uber and Airbnb, though they remain private companies, have valued them at stratospheric multiples based largely on the notion that Uber will transform and dominate local transportation and Airbnb will revolutionize the hotel industry.

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.

My attitude is there are at least hundreds of interesting startups that are going to get going in every year.

Every new startup business creates new opportunities. It doesn't matter whether you have a new app for college students or a home medical device for senior citizens; there are other multibillion noncompetitive corporations that are spending millions of dollars trying to market their goods and services to your same audience.

I'm in favour of entrepreneurial, risk-taking businesses that create great products and services.

I'm hard-pressed to think of companies that don't need venture capital that are going after big opportunities. I think, in almost all cases, if they're going after big opportunities, they are going to need to raise quite a bit of money.

I like most of the venture capitalists I know; they're smart, well-intended guys who genuinely enjoy helping entrepreneurs succeed. And I love venture capital and investment capital of all categories - its economic impact is proven. The more of it the better.

It's worth noting that everything - from the Internet to electric cars, genomic sequencing, mobile apps, and social media - were pioneered by startups, not existing companies.

Without disruptions, startups can't survive.

You have venture capitalists. We view them as experts who also help finance your company and give directions and also some pretty candid discussions about what you have to do better.

When I started InMobi, I was on the road raising funds. I faced 20 rejections. But when I got the funds, they came from best venture capitalists.

I played with different words like 'home run,' 'megahit,' and they just all sounded kind of 'blah.' So I put in 'unicorn' because they are - these are very rare companies in the sense that there are thousands of startups in tech every year, and only a handful will wind up becoming a unicorn company. They're really rare.