Remember this is the same jerk who had a tantrum when a Secret founder used a cash-out to buy a Ferrari.  The thing that made me livid was this: he wanted investors&#x27; money back because Secret failed, but suppose in some (incredibly) hypothetical universe Secret turned into a multi-billion dollar company and that say 5% cash-out cost the founder $250 million.  Would Bill have traded the shares back for the cash-out price?  Fuck no.  So his whining can be condensed to &quot;if my deals don&#x27;t work out, I want my money back.  Call the whambulance!&quot;<p><a href="http:&#x2F;&#x2F;bits.blogs.nytimes.com&#x2F;2015&#x2F;05&#x2F;05&#x2F;the-lessons-google-ventures-learned-from-secret&#x2F;?_r=0" rel="nofollow">http:&#x2F;&#x2F;bits.blogs.nytimes.com&#x2F;2015&#x2F;05&#x2F;05&#x2F;the-lessons-google-...</a><p>All VCs talk their book, but perhaps Bill more than most.  I&#x27;m sure his thoughts on companies benefiting from public market discipline are unrelated to IPOs returning his investments.