> What do you like to see before you invest? idea? product? traction? I am trying to build intuition. So some of this is gut sense. Sometimes I look at deals a

> What do you like to see before you invest? idea? product? traction? I am trying to build intuition. So some of this is gut sense. Sometimes I look at deals and say, this is obvious. Sometimes I have to sell myself. I look for new things that are in spaces that have a comfortable competitiveness climate. > What do you give more importance? idea or team? Both are important. See above. > You've had incredible dealflow recently, how are you getting into all these deals? Luck is a matter of being in the right place at the right time, so I take care to be everywhere. I know everyone. Foursquare: I knew Dennis from NYC. Square: I knew Jack from twitter. StackOverflow: I was on a panel with Joel once. Canvas: I suggested moot to TED and introduced myself at the conference. Dailybooth: Asked for an introduction to me. > Since you don't lead If I like the product, I introduce it to relevant people. > Better location for a pre-funding internet startup I'm fond of both NYC and Bay Area. I started Delicious in NYC. > Bootstrap or raise money Venture money is only useful in some situations - where capital will help grow the business. I also want to see something where I will conceivably get out someday; that's either acquisition or IPO. Do many privately held companies pay dividends?