“ Actually if you have a thousand people going out launching shit, for 100k or 200k, the one that can raise 5 million and deploy that effectively has a huge competitive advantage. ”
“ With VCs, if you want money, ask for advice — and vice versa. When they offer money, make sure you get advice. When they go out of their way to offer advice, watch your wallet. ”
“ This is not a time to panic, cut off all investment in the future, and burrow into a dark hole. Take a page from the packaged goods industry that the time to gain market share is during tough times when your competitors are weaker in responding. ”
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