Tuesday, August 17, 2010

Quotes of the day

... Google created $48B of equity value for its original investors and almost $5B in recurring annual revenue in a little over 5 years with only $40M of invested equity capital. Wow! Unfortunately, we haven’t seen that kind of meteoric, yet capital-efficient value creation in venture-backed cleantech IPOs to date.--Alexander Taussig

The conclusion to which we have arrived is that a) strategies are a dime a dozen; and b) all companies execute them. Ergo, even my dog Charles could “execute the strategy” if the “strategy” was to 1) eat, or 2) sleep, or 3) jump in whatever nearby car has an open door, or 4) eat miscellaneous weeds until he throws up.--Jeff Matthews

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