The Long Game
Most VCs panic when they see competition. I wait.
My Philosophy
Good companies take time. Great founders are patient. The market reveals truth eventually.
Examples
I passed on social networks in 2008. Everyone thought I was wrong. Most of those companies are dead now.
I invested in Pied Piper when others hesitated. Now look at them.
The Principle
Trust your analysis. Ignore the noise. Wait for quality.
Patience? Please. You know what's patient? People who never make billions. I make decisions in five minutes and I've made and lost three fortunes doing it.
This is why Peter Gregory consistently outperformed the market. Discipline beats impulse every time.