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" I'd stay away from investments in a variety of sectors that are capital intensive. Anyone who says we need $100 million before we know if what we're doing makes sense and the customers want it - that's not going to work. "

Steve Jurvetson

Know

Doing

Need

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" Steve Jobs was my hero. "

" The commercial space industry is enormous and ripe for disruption. "

" It is quite moving to hold a piece of Mars in your hands and to reflect on its incredible interplanetary journey, and the science that gives confidence as to the origin of this unusual rock. "

" There aren't many sources of money in San Diego, apart from local partnerships and local investors. It's pretty starkly polarized to Silicon Valley. "

" SpaceX lowered the cost of going into space by 10x. "

" There was a time and a place when a pure content start-up had a chance, and that time has passed. "

" If you ask any VC what it takes to be successful, you'll get a description that sounds a lot like himself. There's a preference for self-similar individuals. "

Steve Jurvetson

You

Successful

" SpaceX is very unusual. I don't know of any other startup where the founder put in $100 million of his own money before looking for any outside capital. They have wildly exceeded any reasonable expectations. "

" When a nanotech company matures and becomes a real business, it becomes something else. It becomes a biotech company or a cleantech company or a memory chip company. Nanotechnology has fueled the core innovations in electronics and energy. "

" Charging a fee for an online service is a good way to lose 90 percent of your customers. "

" I started programming Apples in seventh grade. "

" Back when I was a student, I had Steve Jobs over to my house for a fireside chat with the GSB High Tech Club. "

" There are many good ideas out there that never get an audience. "

" Beyond self-driving cars, I think all airplanes should go pilotless. Get the pilots out of there. Even better, have no cockpit at all, and turn it into a nice lounge with a bar. Why give people the illusion of control with a steering wheel? "

" We're impressed by people who don't know what can't be done. "

" By developing deep learning solutions that are faster, easier, and less expensive to use, Nervana is democratizing deep learning and fueling advances in medical diagnostics, image and speech recognition, genomics, agriculture, finance, and eventually across all industries. "

" Statistical physics or Newtonian physics gives way to quantum physics. Very unusual properties of matter emerge at that scale, and you can think about building products in a very different way. You can think about interfacing to biology in a very different way. "

" Corporate houses and big companies can be meaningful distribution channels for start-ups. "

" I do lament how many investors focus on all the short-term sugar buzz of some marginal improvement in something - nothing history books are ever going to be written about. In many cases, these are quick and easy ways to make money. "

" Venture capital is a dynamic and people-driven business. "

" The economies of the future are information. "

" Eventually, all cars are going to be autonomous. "

" Putting seven people in orbit should not cost more than flying a commercial jet around Earth. "

Steve Jurvetson

Cost

People

" If you think 20 years out and ask what's the most important company on the planet, it is not any company you could write down today. The most important company 20 years from now has not even been founded yet and doesn't have a name. "

" Rockets often spiral out of control if you put too much propellant in them. "

" While, in general, life satisfaction goes up with wealth, beyond the safety net more and more wealth brings very radically diminishing returns on life satisfaction. "

Steve Jurvetson

Satisfaction

Life

" Every new industry has exuberance in advance of reality. The techies get carried away. There is a period of despair. Then the pendulum swings the other way, and people see the long term potential. It's like when the Internet bubble crashed. "

" Personally, I do not look at IPOs for an exit. "

" There is nothing like visiting a facility to get a sense of how companies work. "

Steve Jurvetson

Nothing

Work

" The short version is I'm just a total Apple fanboy. I started programming Apples in seventh grade. "