Great insights and lots of lessons for both investors and entrepreneurs. Especially the one about the best ideas looking like bad ideas initially. This should give pause to all aspiring entrepreneurs, and keep them moving towards their vision if they are convinced, even if everyone else thinks their idea will never work. In fact one could almost say that it is a necessary but not a sufficient condition for an idea to be the next big thing is for it to be considered bad or crazy initially by most people. Reminds me of Neils Bohr famous quote (paraprhasing) : "Yes your theory is crazy, but is it crazy enough to be correct!" It also reminds one of how some of our most successful books in publishing history have been rejected dozens of times by publishers - Harry Potter by JK Rowling, Carrie by Stephen King, Dr. Seuss' books, plus many others.