JOSH KOPELMAN

There's one thing I've learned about entrepreneurs' business plans. Every one is wrong.

I don’t like to solve new needs, I like to solve existing needs.

When I started half.com, our three biggest competitors were Borders, Tower Records and Blockbuster Video.

First Round has an opportunity: to create an entirely new kind of online publication, built for technology entrepreneurs, where they can learn how to build better companies.

The online shopping paradigm is finally changing. Indeed, I think we’ve seen more innovation in the last 10 months than in the last 10 years. We’ve seen an explosion of interesting technologies and opportunities that seek to change online shopping.

I really believe that if capital doesn't come to the entrepreneurs, the entrepreneurs have no choice but to go to the capital.

I don't think Philadelphia's challenge is in coming up with great ideas or having great founders. I think the real challenge is keeping them here.

The Philadelphia region does have capital, but there's no concentration of it.

I don't think a lot of people have been entrepreneurial about venture capital.

You know you've built a product that can hit the mainstream when your wife, your father, and your mother-in-law can get involved.

When I started half.com, our three biggest competitors were Borders, Tower Records and Blockbuster Video.

The Philadelphia region does have capital, but there's no concentration of it.

I really believe that if capital doesn't come to the entrepreneurs, the entrepreneurs have no choice but to go to the capital.

You know you've built a product that can hit the mainstream when your wife, your father, and your mother-in-law can get involved.

I don't think Philadelphia's challenge is in coming up with great ideas or having great founders. I think the real challenge is keeping them here.

First Round has an opportunity: to create an entirely new kind of online publication, built for technology entrepreneurs, where they can learn how to build better companies.

I don't think a lot of people have been entrepreneurial about venture capital.

There's one thing I've learned about entrepreneurs' business plans. Every one is wrong.

If you're an entrepreneur, and you have a choice to go to a place where there are 250 VC firms or somewhere else where there might be one or two, you're gonna go where all the money is.

Markets really matter. Because the bigger the market, the more targets there are for the missile to hit.

I don’t like to solve new needs, I like to solve existing needs.

The online shopping paradigm is finally changing. Indeed, I think we’ve seen more innovation in the last 10 months than in the last 10 years. We’ve seen an explosion of interesting technologies and opportunities that seek to change online shopping.