All time Quote by Bill Gates
“You know, development sometimes is viewed as a project in which you give people things and nothing much happens, which is perfectly valid, but if you just focus on that, then you'd also have to say that venture capital is pretty stupid, too. Its hit rate is pathetic. But occasionally, you get successes, you fund a Google or something, and suddenly venture capital is vaunted as the most amazing field of all time. Our hit rate in development is better than theirs, but we should strive to make it better.”
About This Quote
Source Interview: Tech Innovation Panel, 2021
Development work often undervalued compared to venture capital, yet both need improvement; success rates are low.
In simple terms: Development is underrated; both fields need better results.
Key Takeaway
Improve processes, aim higher.
Themes
technology
investment
productivity
Mood
analytical
optimistic
Type
strategic
inspirational
When to use this quote
- software launches
- startup funding
- R&D projects
Key Concepts
innovation cycles
risk assessment
market fit
Questions to Reflect On
- How can development teams demonstrate impact?
- What metrics truly reflect venture success?
A Different Perspective
Focusing solely on metrics can miss qualitative value.
![“I don't know whether we think in moving images or whether we think in still images. I have a suspicion that on our hard drive, our series within our brains, [exist] still photographs of very important moments in our lives. ... That we think in terms of still images and that what the photography is…” quote by Jon Snow](https://sms4smile.com/quotes/img-quotes/598/jon-snow-40883_all-time_i-don-t-know-whether-we-think-in-moving_15093.jpg)
