Jerry Murdock

And the one correlation you can make to success was timing.

And the one correlation you can make to success was timing.

if you did a fund in 2005 2006 you were in great shape to take advantage of the mobile thing that started happening in 2008 when steve jobs got 10 million subscribers from at t that's when mobile became real so if you had a 0506 fund you had a chance to get some of the best most iconic companies

if you did a fund in 2005 2006 you were in great shape to take advantage of the mobile thing that started happening in 2008 when steve jobs got 10 million subscribers from at t that's when mobile became real so if you had a 0506 fund you had a chance to get some of the best most iconic companies

But if you start a fund in 2009, you're going to miss being early in Twitter.

But if you start a fund in 2009, you're going to miss being early in Twitter.

You're going to miss being early in Facebook.

You're going to miss being early in Facebook.

You're going to miss being in Uber.

You're going to miss being in Uber.

You're going to miss all that.

You're going to miss all that.

So timing is the most important thing, whether you're early stage or late stage.

So timing is the most important thing, whether you're early stage or late stage.

You can't apply it to just an overall general strategy.

You can't apply it to just an overall general strategy.

Depends on the timing of when you did the investment.

Depends on the timing of when you did the investment.

Absolutely the best time.

Absolutely the best time.