The real big opportunities are changing the infrastructure of society
– Vinod Khosla
Venture Hacks highlights an interview with Vinod Khosla, where he talks about big opportunities, multi-billion dollar markets. The kind of change that literally impacts how we live.
Wait, there’s more
We are an investor that tries to build companies. We make money by building entities over the long term. We’re not in the business of transacting or doing deals. We don’t even allow that word here. It’s not buying and selling, that’s a transaction. You don’t invest in something and say I can sell it tomorrow or next year. We take a five year, ten year view and say we can build a company that can significantly change the landscape. Now if you happen to do that, you build companies of lasting value, make a large impact and if you do, you’re going to have a valuable company that you can make money on. So it’s a long term versus short term perspective.
You know what. Those who fund science could learn a thing or two from Mr. Khosla
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3 Comments
but also small VC funding rounds, like the ones from Y-Combinator for example (3-5 months for a proof of concept, working as teams of 2-3 out of a SF apartment), can spin off something that will change society. Or if many VCs follow the Y-Combinator model, and we have small innovations that produce modules which eventually assemble to something bigger, then I don't see the reason for big monolithic funding… small funding, that produces practical results, which have small effect (but here and now) in society is what I believe. And of course the small innovations add up over time.
I completely agree, and spend most of my time thinking about those small opportunities (that was going to be a follow up post in a way). But there is a place for high risk long term thinking, the kind that can change the world. Most big funding is cliched, and predictable and risk averse, and rarely long term
yeah good confident, thats right choice