You see Jeff built a business that was evolution-ready from the outset with an unflinching vision of where he wanted it to go.

among venture-backed companies, it’s often preferred to have a shot at reaching a multibillion-dollar outcome—and fast—even if it means taking risks that could kill the business.

“Do you want to be a $200 million company with a twenty percent margin or a $10 billion company with a five percent

Opportunity is very often embedded in the imbalance between supply and demand. It could be rising demand against flat or diminishing supply, or flat demand against shrinking supply. When there’s an imbalance, I look at where the two lines will intersect and then determine whether it is cheaper to buy or to build. Usually the answer is in acquisiti

The economy, in a word, is becoming generative. Its focus is shifting from optimizing fixed operations into creating new combinations, new configurable offerings. For the entrepreneur creating these new combinations in a startup company, little is clear. He often does not know who his competitors will be. He does not know how well the new technolog

venture capital is the business of risk taking.

Fortunes can be won or lost based on a VC’s ability to understand market size and think creatively about the role of technology in developing new markets.