1% of all exits drive about 50 to 55% of value in venture capital, highlighting the power law in investments.

The current era of venture capital is characterized by a need for power, as startups require strong backing to succeed in a competitive landscape.

Venture capital is unique in that top firms tend to remain dominant for decades, as the best entrepreneurs prefer to work with the best VCs.

In venture capital, the leaders of firms often push for taking more risks, as the potential for high returns outweighs the risks of failure.

Many startups fail for common reasons like not finding product-market fit or burning cash too quickly, but successful companies often have unique qualities that set them apart.

The most successful companies often thrive despite their investors, as product-market fit is a powerful force in determining success.

You need a unique approach or reason why your startup will succeed, whether it's technology, customer relationships, or market understanding.

Venture capital has historically been overfunded, which creates a competitive environment where founders often face multiple venture capitalists vying for their attention.

The venture capital industry is fundamentally a customer service business, serving both limited partners and founders, and the market will ultimately dictate where capital flows based on perceived opportunities.