A lot of the philosophies of the businesses are just 'we're interested in getting customers now and if … - Kevin Kinsella

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I am about helping each and every student athlete that selects to wear the orange, you know, be successful at Tennessee individually and as a team. That type of record is certainly not anything that I have aspirations to reach.

Kevin Kinsella

A lot of the philosophies of the businesses are just 'we're interested in getting customers now and if we're losing money with each customer now that's okay because we have this huge hoard of venture capital that we can subsidise the operation with and once we have the required number of tens of millions of customers and we drive our competitors out of business, then we can start to raise prices and become a proper business. '

Customer, Numbers, Philosophy, Prices, Proper, Venture

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The stock market has gone up and if you are stock picking, that's fine, you may do a bit better than the market. But if you want to play in another game where you can get rapid increases of value and so on and so forth, this apparently has become the new parlour game, to invest in these companies and many their cases, the private equity that has been piling in onto of the venture capital is creating the unicorn, in other words the company with the $1 billion valuation.

Capital, Creating, Games, Invest, Play, Private

We're in one of the biggest tech bubbles we've ever had.

Biggest, Bubbles, Tech

Basically my point of view on unicorns is that private companies which have sky high valuations, it doesn't really mean anything in the real world until it's marked to market. And there's only two ways things get marked to market in venture capital: Either a company is acquired by another company for cash or marketable security, or it goes public, and then it has reporting requirements and then the market will determine the value.

Basically, Capital, Company, Mean, Real, Two

For venture capital, one of the original principles is people you want to invest in are people who've done it before with someone else's money. Not people who've just came out of business school.

Business, Capital, Invest, People, Principles, School

I think mobile web enabled services can be great business but A): it doesn't apply to everything, I think the markets will ultimately get a bit fragmented when the crunch stars to happen. And the other thing is, B): it doesn't necessarily work with everything.

Business, Crunch, Great Business, Stars, Thinking, Ultimately