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" One very interesting framework for a company to succeed over time - beyond just business logic and analytics - is, do they have a reason why the best graduates in engineering programs will flock to them versus competitors? "

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" If I want to make a product that is appealing to consumers, like a piece of clothing or a video game, that's fad driven. Some companies do it, and I don't know how they do it, but it's generally a bad place to invest. "

Steve Jurvetson

Want

Product

Game

" When the venture capital industry invests, it's usually because they sense there is money in them hills. And often it takes a high-profile winner to wake everyone up in the category. SpaceX is that company. "

" Lots of deals happen in situations that aren't 'pure work.' "

" 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

" 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

" I started programming Apples in seventh grade. "

" By the time people came to realize that free, Web-based email was indeed a hot idea, Hotmail was adding 1 million new subscribers a month. "

" Because of the rate of technology change, forecast horizons are shrinking. "

" One tech-related concern with religion is that it appears to be a positive feedback loop to the accelerating rich-poor gap, as the disenfranchised opt out of modernity. "

" Hotmail went from zero to 12 million users with zero marketing steps. Not a penny was spent on sales and marketing, which was astounding. It showed us the power of the network effect. "

" A big part of green tech will be organisms that eat waste. "

" I've actually come to respect the most irritatingly challenging people I've worked with as really valuable in improving group decision-making and what to do and what to invest in. "

" IT is permeating more industries. Moore's Law knocks down simulation capabilities. We don't need wind tunnels anymore, for example. You can run experiments more quickly. "

" My interest in space started early, but for many years, I could not find any space-related investments that really penciled-out for venture. That changed in 2009 when Elon Musk came to us with a big vision to explore Mars while producing rockets at a fraction of a price and making space accessible. "

" We believe strongly that all meaningful change comes from entrepreneurs. "

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

" I believe that technology has the potential to change the fate of nations, industries and companies, as well as the context of our lives. I want to help build the companies that take the risks needed to make those kinds of real changes in the world. "

" When I was 11, I went to space camp at the Space Center in Texas, near where I grew up. There, I met video-game-industry pioneer Richard Garriott, better known to gamers everywhere as 'Ultima' creator Lord British. "

" 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. "

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

" 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. "

" Elon Musk wins you over with his elegant mastery of engineering, be it for the rocket or the car. But what blew my socks off was when our conversation veered way off topic. We started musing about whether it was possible we all lived in the matrix, and Musk still had deep knowledge. "

" There is no correlation between a weak IPO market and an impact on early-stage VCs. "

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

Steve Jurvetson

Cost

People

" 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. "

" Hotmail grew its base faster than any company I can think of. "

" When you lower the cost of access to space, a boom of innovation follows, just as low-cost fiber optics paved the way for the Internet and the cloud services that followed. "

" 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. "

" If you thought financial crises came and went, just count on them - another economic collapse, it's almost going to be like not news any more. But for startups this is great, because it's a perpetual driver of disruption. "

" I love photography. I love rockets. "