The reason we have so much talent in Silicon Valley building and investing in for-profit technology companies is that markets richly reward successful ideas, no matter who invents them. But to remain competitive in a free market, companies must exercise discipline to meet quantitative goals and eventually become cashflow positive.

A deep concern of mine is that leaders in the technology sector have not developed a culture that insists upon courage, honor, duty, and humility - what we might call a culture of virtue.

In an increasingly competitive technology world, VCs must work more and more closely with portfolio companies to develop superior technology, talent, and operations.

Technology Quotes