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

Above Below Between Challenging Coming Energy Far Few Funds Get Large Meaningful Million Most Necessary Out Perhaps Pretty Return Spend Time Very Wins

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Autocracy is a government of the few from above; Bolshevism is a government of the few from below.

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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

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Changes and progress very rarely are gifts from above. They come out of struggles from below.

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It pretty much doubles our capacity to deliver energy into the neighborhoods there.

— Dave Eskelsen

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

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