"We made the classic mistake that all investors make. We focused too much on what they were doing at the time and not enough on what they could do, would do, and did do."
— A VC: Airbnb (via fred-wilson)
"Approaching bitcoin as a currency or store of value is focusing on a single and secondary application of the bitcoin network (analogous to analyzing a single feature built on top of the Internet, like email)."
Bitcoin Is Good | Re/code