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Quote by Tom Nicholas

“Long-tail returns have always been difficult to generate, and the VC industry has sometimes been chaotic and subject to the destructive ebbs and flows of investment cycles. History shows, however, that the social benefits of venture capital have been immense. By facilitating the financing of radical new technologies, US venture capitalists have supported a large range of high-tech firms whose products, from semiconductors to recombinant insulin, telecommunications inventions, and search engines, have revolutionized the way we work, love, and produce. While technological change can often disrupt labor markets and increase wage inequality, in the long run, innovation is essential to productivity gains and economic growth. The venture capital industry has been a powerful driver of innovation, helping to sustain economic development and US competitiveness.”

Quote by Tom Nicholas

Book:VC: An American History
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VC: An American History

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Tom Nicholas

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“If one asks how exactly VCs do that they do, it is not clear that the answer today is much different from half a century ago. The dominant form of organization is still the limited partnership with an ephemeral fund life, even though this places constraints on the time scale of investment returns. Although there have been some organizational structure and strategy innovation, these have been paradoxically rare in an industry that finances radical change.”

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Book:VC: An American History
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“It is important to note the often ignored fact that the venture capital industry became institutionalized partly as a consequence of government policy. Lawmakers shaped the enabling environment - kick-starting regional growth in what would become Silicon Valley - by crafting policies that allowed institutional investors to increase their risk tolerance in making investment choices, changed the taxation of investment gains, and promoted more high-skilled immigration. In many ways, the US government acted as America's VC writ large by funding the basic university research that would break open the development pathways to entrepreneurial businesses. Clearly, the future of the VC industry in the United States will depend on maintaining key aspects of that amenable, enabling environment.”

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Book:VC: An American History
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“When it occurs to a man that nature does not regard him as important, and that she feels she would not maim the universe by disposing of him, he at first wishes to throw bricks at the temple, and he hates deeply the fact that there are no brick and no temples. Any visible expression of nature would surely be pelleted with his jeers. Then, if there be no tangible thing to hoot he feels, perhaps, the desire to confront a personification and indulge in pleas, bowed to one knee, and with hands supplicant, saying: "Yes, but I love myself.”

IdentityIronyPathosNihilistNihilistic
Book:Open Boat
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“You can say whatever you like to me. I make no moral judgments." Cassandra was slow to reply, momentarily distracted by his eyes. They were blue with dapples of brilliant green around the pupils, but one eye had far more green than the other. "Everyone makes judgments," she said in response to his statement. "I don't. My sense of rights and wrong is different from most people's. You could say I'm a moral nihilist." "What's that?" "Someone who believes nothing is innately right or wrong." "Oh, that's dreadful," she exclaimed. "I know," he said, looking apologetic. Perhaps some gently bred young women would have been shocked, but Cassandra was accustomed to unconventional people. She'd grown up with Pandora, whose twisty-turny, hippy-hoppity brain had enlivened an unbearably secluded life. In fact, Mr. Severin possessed a kind of contained energy that reminded her a little of Pandora. One could see it in the eyes, the quicksilver workings of a mind that ran faster than those of other people.”

UnconventionalNihilistPandora RavenelTom SeverinCassandra And TomNonjudgmental
Book:Chasing Cassandra
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“The nihilist attitude manifests a certain truth. In this attitude one experiences the ambiguity of the human condition. But the mistake is that it defines man not as the positive existence of a lack, but as a lack at the heart of existence, whereas the truth is that existence is not a lack as such. And if freedom is experienced in this case in the form of rejection, it is not genuinely fulfilled. The nihilist is right in thinking that the world possesses no justification and that he himself is nothing. But he forgets that it is up to him to justify the world and to make himself exist validly. Instead of integrating death into life, he sees in it the only truth of the life, which appears to him as a disguised death. However, there is life, and the nihilist knows that he is alive. That’s where his failure lies. He rejects existence without managing to eliminate it. He denies any meaning to his transcendence, and yet he transcends himself. A man who delights in freedom can find an ally in the nihilist because they contest the serious world together, but he also sees in him an enemy insofar as the nihilist is a systematic rejection of the world and man, and if this rejection ends up in a positive desire destruction, it then establishes a tyranny which freedom must stand up against.”

PurposeMeaningExistentialismTranscendenceNihilismNihilist
Book:The Ethics of Ambiguity
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“Whereas a belief in an absurd world arises out of the fundamental disharmony of a person searching for meaning in an apparently meaninglessness universe, an existential nihilist displays impassive intellectual stoicism towards their eventual mortality while embracing a passionate artistic commitment to munity against the underlying syndrome of insignificance and confusion encasing life.”

StoicismNihilismStoicExistentialistNihilistExistential Angst
Book:Dead Toad Scrolls
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