Kevin Kinsella Citas

• 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.

  Kevin Kinsella

  Real, Mean, Views

  Fuente: www.sfgate.com

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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.

  Kevin Kinsella

  Games, Play, Creating

  Fuente: www.sfgate.com

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

  Kevin Kinsella

  Burbujas

  Fuente: www.sfgate.com

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• You have to look at the fundamental raison d'être of the business - what is it doing? What's the nature of the business and what are its prospects for success? What are its prospects to break even and then return the sustained profit?

  Kevin Kinsella

  Break Even, Looks, Fundamentals

  Fuente: www.sfgate.com

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• Vivimos en un mercado global y el dinero es fungible y los fondos de cobertura de capital riesgo están buscando juegos de impulso, y no hay juegos de impulso en los bonos, ¿verdad? Cuando los tipos de interés subían o bajaban, bueno, en realidad nunca bajan, aunque sí suben. Algo tiene que pasar, tiene que haber movimiento, los dados tienen que estar rodando en el tablero, y si no es así, entonces no van a jugar porque no van a tener la adrenalina de mirar... ya sabes, los tipos de interés de los fondos del mercado monetario o los intereses de los bonos o lo que sea. Tiene que ser sexy.

  Kevin Kinsella

  Sexy, Play, Rolling

  Fuente: www.sfgate.com

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• If you have money draining out of the public equity markets, that inevitably affects the private equity market. They cannot exist going in different directions because somehow that will rent the fabric of the universe. It's just not permitted that that happens. Obviously there can be anomalies for brief periods of time but it just can't happen forever.

  Kevin Kinsella

  Forever, Different, Fabric

  Fuente: www.sfgate.com

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• Un buen operador ama un mercado activo, no se gana dinero cuando el mercado está estático.

  Kevin Kinsella

  Making Money, Traders, Static

  Fuente: www.sfgate.com

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• 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.'

  Kevin Kinsella

  Philosophy, Numbers, Venture

  Fuente: www.sfgate.com

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• How many of the unicorn companies are really prosaic businesses - like limousine services or renting rooms in your house? The original VC firms from the '70's made their money and established the reputation of their respective brands by leveraging big cleverness with small capital, not small cleverness with big capital, and that's what's going on with these unicorns. That has never worked and it won't work this time. It doesn't produce venture quality returns, and it never will.

  Kevin Kinsella

  House, Quality, Venture

  Fuente: www.sfgate.com

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• 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.

  Kevin Kinsella

  Stars, Thinking, Great Business

  Fuente: www.sfgate.com

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• 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.

  Kevin Kinsella

  School, People, Principles

  Fuente: www.sfgate.com

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• Venture capital has peaked in terms of its appetite, in terms of how much money it wants to put in. So now private equity funds are piling in. Primarily because interest rates are virtually zero so there's no fixed income play and they're not moving around.

  Kevin Kinsella

  Zero, Moving, Play

  Fuente: www.sfgate.com

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• Everyone who is inside of an expanding bubble can't imagine another world where the bubble collapses on them. It's unimaginable because they haven't lived through it.

  Kevin Kinsella

  World, Imagine, Expanding

  Fuente: www.sfgate.com

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