I think what you're going to see going forward is that public investors and also venture capitalists and the whole chain of investors are going to be much more discriminating in their investments,

Venture capitalists are like lemmings jumping on the software bandwagon.

A lot of venture capitalists would have pulled out then. Damon rolled the dice again.

I think that, ah, I'm a very goofy sort of person in many ways.

I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.

Venture capitalists buy minority positions in young companies they think will grow quickly; buy-out investors buy most or all of companies they think can be turned around by fixing a few basic things.