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" A bubble in early-stage funding means maybe there's $300 million at work when maybe there should be $150, as opposed to a bubble in late-stage funding which means there's $20 billion at work when there should be $3. "

Dave McClure

Maybe

Bubble

Work

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Dave McClure

Because

Higher

" My role has been limited to focus on fiduciary obligations to our investors as a general partner of our funds. "

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" I bet on a lot of stuff that's low-priced, and most of it's going to go back down to zero. But some of it's going to go up. "

Dave McClure

Back

Zero

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" Sometimes, we nerds of technology sort of don't think that the rules necessarily apply to us in the same way, but I think when you produce products that hundreds of millions of people, if not billions of people, are using, we have the same responsibilities as any other person representing the Fourth Estate. "

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