Gil Penchina Quotes

I don't know the venture fund terms. I don't know what a seed round is. I want nothing to do with it.

I remember going out to raise my Series A and ending up with multiple term sheets when I had gone to Silicon Valley probably four times at that point and coming back with nothing.

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.

Before I started Code for America, I spent my career around startups. First it was game developers, small teams trying to make hits in a tough business. Then, when I started working on the Web 2.0 events, it was web startups during times of enormous opportunity and investment.

The venture industry is both quite vibrant and quite competitive.

Little startups are ridiculously overfunded.

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.

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

My biggest television weakness is 'Dragons' Den.'

The more entrepreneurs in the world that are getting their ideas financed, the more great companies there are going to be that we can all invest in.

Startups are constantly raising money, sometimes before they have even hired a lawyer.

You, as an entrepreneur, must make sure the postmoney valuation is a number you can obtain. You don't want too high of a valuation.

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.

'Shark Tank' has been a sincere joy. As our traditional venture-backed companies get bigger, the investing side tends to get more political and complicated. 'Shark Tank' takes me back to my early days working with ambitious founders in their earliest and scrappiest days. The show reminds me of what I deeply love about this business.

I'm a very active angel investor in a number of different companies.

We can support innovators and entrepreneurs.

'Bazillion Dollar Club' follows six struggling startups trying to get their products together.

When you walk into a room and you're asking someone to give you money to finance an idea, that's never easy.

I had done six or eight traditional angel investments and basically just thought it sucked.

Capital isn't hard to find; intuition, yes.

Learn to raise capital by any means necessary. That's your primary job as an entrepreneur. You must continually raise capital from family and friends, banks, suppliers, customers and investors.

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.

If you're in a squeeze for capital and you have a solid, mutually beneficial relationship with a VC, your chances of raising will increase dramatically.

When you have a failed pitch, you meet many more venture capitalists than you really want to.

I have always been fascinated by entrepreneurship.