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" I'm better than probably 90 percent of the people out there. Doesn't mean I'm smart; probably means I'm lucky. "
Dave McClure
People
Smart
Lucky
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" My role has been limited to focus on fiduciary obligations to our investors as a general partner of our funds. "
Dave McClure
Focus
Been
Role
" Most firms do two investments a year. They may talk to between 50 and 100 and do a couple, whereas we're talking to thousands and doing several hundred. "
Dave McClure
Talking
Two
Year
" It's pretty challenging for large funds to spend the time and energy necessary to get a meaningful return when most of the wins coming out are perhaps below $100 million exits and the ones above are very few and far between. "
Dave McClure
Energy
Time
Return
" I'm ashamed I didn't change my behavior until I was forced to do so by circumstance and by others. The reality is, I was stopped from further bad actions by those who spoke up about my offenses, at substantial risk to their personal and professional reputations... and subsequently, by Christine and others on the 500 team. "
Dave McClure
Reality
Team
Bad
" I think you'll see a lot more people in the Valley get more involved in politics. "
Dave McClure
Think
Politics
People
" We are trying to build large, lasting businesses. "
Dave McClure
Trying
Lasting
Large
" I don't know if we're doing the optimal things that we can to try and connect different people on the planet with different points of view and not be so angry at each other. "
Dave McClure
Know
Doing
Angry
" There's been entrepreneurs working in the Valley for probably 50-60 years. It's not to say that you can't create that in other places, but I think people are a little bit impatient about creating the next Silicon Valley. "
Dave McClure
Say
Think
Create
" Not everybody wants to be Mark Zuckerberg, but everybody wants to create a little piece of the American dream, the Silicon Valley version. I don't think that's a bad thing. "
Dave McClure
American Dream
Think
Dream
" 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. "
Dave McClure
Technology
People
Rules
" I think 'Shark Tank' is targeting companies that are really trying to raise their very first dollar. A lot of them aren't really tech focused. We're definitely going after companies that are building real technology, either software or hardware, they probably have raised a couple hundred thousand already. "
Dave McClure
Technology
Building
Trying
" We think that there's a lot of opportunities in helping improve finding food, delivering food, ordering systems, notifications system, and its a very frequent purchase item for a lot of people. "
Dave McClure
People
Think
Food
" I aim to combine all the things I do in a comprehensive and holistic fashion that benefits startups and the people who make them grow. "
Dave McClure
Things
Fashion
Who
" Hottest space that I think is interesting would be education, particularly, like, ages 3-10. "
Dave McClure
Think
Education
Interesting
" We have to support the well-being of society. "
Dave McClure
Support
Well-Being
Society
" I made advances towards multiple women in work-related situations, where it was clearly inappropriate. I put people in compromising and inappropriate situations, and I selfishly took advantage of those situations where I should have known better. My behavior was inexcusable and wrong. "
Dave McClure
Wrong
Better
Behavior
" Companies that tend to survive are the rebels. "
Dave McClure
Companies
Survive
Tend
" We often say if you have traction, lead with traction. Talk about specific customers, usage numbers, revenue metrics - anything like that that really is clearly explicit and factual. Get that out in front early. "
Dave McClure
Early
You
Talk
" Food tech has been kind of an area that we have been making a number of investments in. Kind of a big boring industry, but a lot of people eat. "
Dave McClure
Big
People
Kind
" With great power comes great responsibility. These are platforms with hundreds of millions of people. "
Dave McClure
People
Power
Responsibility
" The reason we invest globally is because we think that's where a lot of the growth is happening: around the world. "
Dave McClure
World
Think
Reason
" Europe is kind of fragmented. Africa is nascent; we've made a few investments, including four in Egypt. I visit 50-60 cities and 20-25 countries a year. The intent is to be a global fund, which takes time and prioritization. "
Dave McClure
Time
Year
Africa
" The earlier you invest, the higher that attrition rate is because it's compounded. We have a more scientific method of investment. "
Dave McClure
More
Because
Higher
" 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
Up
" There's going to be a Google or a Facebook or a Zynga every three to five years. Those are really big ideas that do return substantial amounts of money. "
Dave McClure
Three
Facebook
Google
" Usually, what I recommend to entrepreneurs is to focus on telling the problem first, about the customer or the person who has that problem. "
Dave McClure
Problem
Person
Focus
" 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
" There's this myopia among American venture capitalists to not go anywhere beyond Silicon Valley and New York. "
Dave McClure
New York
Beyond
American
" I don't expect anyone to believe I will change, but I'm working on it. "
Dave McClure
Will
Change
Working
" While I'd like to believe that I'm not a bad or evil person, regardless, it's clear that some of my past actions have hurt or offended several women. And I probably deserve to be called a creep. "
Dave McClure
Evil
Believe
Bad