Glenn Kelman Quotes

I want to create an environment where I can create technology, get it into the hands of someone to market it, and move on to other technologies so I can keep innovating. I want to be a serial entrepreneur: Incubate an idea, get it to a good state, and make that an enabler to get to the next state. It's every researcher's fantasy.

I think that's exactly what Silicon Valley was all about in those days. Let's do a startup in our parents' garage and try to create a business.

Patents have not been a positive force in stimulating innovation at Cisco. Competition has been the motivator; bringing new products to market in a timely manner is critical. Everything we have done to create new products would have been done even if we could not obtain patents

For decades, technology entrepreneurship has been revered, and people like Steve Jobs and Elon Musk were heroes.

In an era of endless innovation and constant disruption, what is any company really worth? How does a startup determine its valuation?

In an increasingly competitive technology world, VCs must work more and more closely with portfolio companies to develop superior technology, talent, and operations.

Kevin Systrom of Instagram used to work for us as a consultant in the early days of Mint. I knew him a long time ago. Maybe I could have gotten in there. But with photo sharing, I don't know if there's an obvious business model. I don't think there's a competitive, sustainable advantage.

Every kid coming out of Harvard, every kid coming out of school now thinks he can be the next Mark Zuckerberg, and with these new technologies like cloud computing, he actually has a shot.

Customer expectations? Nonsense. No customer ever asked for the electric light, the pneumatic tire, the VCR, or the CD. All customer expectations are only what you and your competitor have led him to expect. He knows nothing else.

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

Fundly is at the dynamic intersection of high-growth technology startups, social entrepreneurship, and the exploding world of social media. Kapor Capital is proud to back this passionate team, their product, and Fundly's impressive customer base.

In the technology world, you have to execute fast or you're out of business.

My friends are people who like building cool stuff. We always have this joke about people who want to just start companies without making something valuable. There's a lot of that in Silicon Valley.

I think the high-tech industry is used to developing new things very quickly. It's the Silicon Valley way of doing business: You either move very quickly and you work hard to improve your product technology, or you get destroyed by some other company.

Investors can see that Facebook is feeling old and tired and isn't seeming to be that innovative.

Samsung's future hinges on new businesses, new products and new technologies. We should make our corporate culture more open, flexible and innovative.

Taking a great new idea with an entrepreneurial team that wants to create something significant and trying to build a real company is what is interesting.

I think the Indian AI ecosystem is growing rapidly. A lot of Indian entrepreneurs reach out to me seeking feedback about startups and products. And some of them have very interesting business ideas.

We're trying to build the largest start-up ever without becoming a big company.

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

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.

Since 2011, Groupon has lost $730 million, and Zynga has lost just over $1 billion. Twitter has been in business for 10 years and went public in 2013. Since then, the company has lost $2 billion.

Bell Labs was a fantastic research organization but having them create and market new products for the world was terrible. They were not good marketers and yet it was AT&T engineers who were deciding what the products of the future were.

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.

A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty.