Marc Andreessen

Once again, I would say this is advice that generally people completely disregard.

Once again, I would say this is advice that generally people completely disregard.

There are problems like that in the system now, and there will be more problems in the future.

There are problems like that in the system now, and there will be more problems in the future.

Having said that, I will tell you, at least on the venture side, growth is a little bit different.

Having said that, I will tell you, at least on the venture side, growth is a little bit different.

On the venture side, I think every time we passed on a promising venture company over price, I think it's been a mistake.

On the venture side, I think every time we passed on a promising venture company over price, I think it's been a mistake.

I think the underlying question, and tell me if you agree with this, the underlying question is the question of diamonds in the rough.

I think the underlying question, and tell me if you agree with this, the underlying question is the question of diamonds in the rough.

Is that right?

Is that right?

Whenever I've done a good deal, it's never worked out.

Whenever I've done a good deal, it's never worked out.

That's right.

That's right.

Okay, so here's another thing we say in the firm, which is don't ever do diamonds in the rough, only do diamonds.

Okay, so here's another thing we say in the firm, which is don't ever do diamonds in the rough, only do diamonds.

So this is another thing.

So this is another thing.