Venture Hacks

The latest great quotes from the Venture Hacks Twitter feed: twitter.com/venturehacks (RSS):

Boards

“Don’t let conflicts get in the way of selecting the ideal board member.” – Fred Wilson

“Avoid ‘big names.’ For the most part, they are useless.” – Fred Wilson

“I was on the Spectra board and I think I nearly drove… the company CEO nuts with my ‘help’” – Tom Perkins

Venture Capital

“Money is the least differentiated of all commodities. And venture capitalists are in the business of selling money.” – Tom Perkins

“Regular VCs don’t try to compete by developing innovative ways to invest; they compete for capital and dealflow and try to pick winning investments.” – Shimon Rura

Money

“All companies that go out of business do so for the same reason—they run out of money.” – Don Valentine?

“Most businesses don’t need more cash, they need more brains.” – Mark Cuban

“The term ‘investment banker’ is marvelously misleading… the term ‘fee-charging middlemen’ is… much closer to an accurate description of their function.” – Tom Perkins

Sundry

“A private company’s valuation is solely determined by the CEO’s ability to create a one-time market for its shares.” – Venture Hacks

“The only way to find out is to find out.” – Frank Lucas, American Gangster

If you use Twitter, feel free to send us quotes, ideas, tips, suggestions @venturehacks.

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