His quote about what they're looking for first dealth with a strong team that could change plans as necessary, and then this, about going after larger markets:

His quote about what they're looking for first dealth with a strong team that could change plans as necessary, and then this, about going after larger markets: "You also need a large market potential, so the area that you are going after has to be worth going after. There are a lot of businesses out there that are niche businesses that make wonderful companies, but relatively small companies and not the types that require venture capital investment."