“I have yet to take capital losses on any company. Then again, it's sti...” — Marc Andreessen Quote

I have yet to take capital losses on any company. Then again, it's still early.

Where I grew up, we had the three TV networks, maybe two radio stations, no cable TV. We still had a long-distance party line in our neighborhood, so you could listen to all your neighbors' phone calls. We had a very small public library, and the nearest bookstore was an hour away.

Every kid coming out of Harvard, every kid coming out of school now thinks he can be the next Mark Zuckerberg, and with these new technologies like cloud computing, he actually has a shot.

Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies.

To a large extent, equity investors put their hard-earned capital into the hands of management and count on it being employed skilfully and honestly. When that doesn't happen, losses typically follow.

I've done everything I possibly can to make my phone think I'm 22. I haven't used capital letters in years.

Fiscal decentralisation does not lead to higher economic growth because economic growth is much more driven by factors other than taxes and spending, e.g. increases in technological progress and improved human capital.

I have definitely refocused Lowercase Capital on later-stage deals and my existing portfolio.