"who cares if David wants to fund an iPhone app? thousands of iPhone apps, maybe tens of thousands, are being built by developers all over the world right now. venture capital is not a requirement to build an iPhone app. it's not even a requirement to build an amazing company. google could have easily gone without VC investment. craigslist did. the focus on VCs is all wrong. focus on the products. that's where the action is." - Fred Wilson

I'm not sure if Google could really have been in its current position without VC. They had 2 of the most influential & powerful VCs, & they were already running out of money while they were building their infrastructure. - siavash