Roger McNamee

In this page, you will find a list of 32 quotes from Roger McNamee, from different articles. We analyzed 15 articles in which Roger McNamee has been quoted in topics like Amazon and software. Roger McNamee’s most recent quote is: “I think tech companies make a terrible mistake trying to create their own rules, and trying to make themselves separate from the core economy. Whether it's staying private for much longer or not having voting. I think it insulates them in a way that allows them to do as many dumb things as smart things. Look at some of these unicorns – some of which also have had very, very limited voting on the part of their investors. Many of them have done incredibly stupid things.”. To see more examples Roger McNamee’s views and opinions, check out the section below.

Roger McNamee quotes

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I think tech companies make a terrible mistake trying to create their own rules, and trying to make themselves separate from the core economy. Whether it's staying private for much longer or not having voting. I think it insulates them in a way that allows them to do as many dumb things as smart things. Look at some of these unicorns – some of which also have had very, very limited voting on the part of their investors. Many of them have done incredibly stupid things.

It really bothers me when people have no voting. Does it bother me as much as the stock price? No. Because the stock price stops me from investing way before the no voting. I don't think it will take all that long to get back down there. I think cool heads will be more successful. It will be a great trade – let's see how long it lasts. ... Eventually people are going to look at the fundamentals. It's going to be very hard for the fundamentals to catch up to the valuation we're talking about today.

The most important things investors require is stability–we need a stable legal system, stable economic policy, stable government. Those are the things investors in the US markets have been able to count on for two generations and I think that the election of Donald Trump makes that uncertain for the first time in my lifetime.

Now there's a real demand to see companies put up numbers on unit growth and price leverage. If you don't have that, buy something really large so you can change the subject. We're already seeing that, and expect it to accelerate among large companies dramatically.

The breakdown of US trading relationships around the world, which is by no means guaranteed, but is the direction that the administration is trying to take –that's incredibly bad for tech companies. In my mind that means I have to be a lot more careful about private investments I make, especially in the seed stage.

The tech industry is so exposed to that – it needs China. I am actually worried we are radically altering the way our economy works in real time. If we lose the Trans-Pacific Partnership (TPP) one of the levers of protecting American companies will go away.

The early result from checkout indicates that, in fact, self-checkout works in a relatively narrow set of circumstances – with today's technology. Amazon's moving the technology forward.

And that has been a mixed experience. ... These things have all had rough moments, and the consumer experience has been everywhere from fantastic – for the person who otherwise would have been in line for a long time – to just dreadful. And I don't think it's been as good for the companies as they'd like to think.

Amazon's model .... is way more consumer friendly, so I really do hope it works. I think this is another example of Amazon really pushing the envelope in really interesting ways.

I think this is part of a continuum that began a number of years ago when folks like Home Depot, and then CVS and Albertsons, Wal-Mart and others have experimented with self-checkout.

What the stock is worth is anybody's guess. But it is really clear to me that they're going to get everybody's attention. And when they do the IPO, I suspect it will be well-subscribed.

The law of large numbers makes it almost impossible for Apple to outperform the market materially. And it's just reached a scale where hyper-growth is very hard. But accusing them of not having the courage to lead AI is ridiculous.

And there really is nothing on the horizon one-tenth as large. You look at something like virtual reality – a concept I think will produce a really significant business opportunity – by comparison to smartphones, it's tiny.

I view Amazon as a democratizing force in the economy, both in retail and in software.

I think there were issues already under Obama, because of the Republican obstruction of his legislative agenda. But I think now you're in open warfare. And I think that's really bad for the investment markets in general. I think it raises capital costs everywhere.... I don't think it matters what we do in Silicon Valley at this pointe. We've got to fix those institutions or we're in big trouble.

Lost of trust, loss of empathy are everywhere in the economy right now.

There are so many exciting things to invest in right now, like climate change technology. Like various forms of information technology. Medical technology. But people are not going to do that if they believe there is a risk of somebody getting in there and blowing up the system, either through Congress or through the presidency or in the streets.

It makes me just generally more cautious. I believe that Silicon Valley, and our economy, can still produce a lot of greatness. But what I worry about is that the benefits of that have been so unevenly distributed for so long, that a lot of ideas are going to get killed too early, simply because we haven't been smart and shared the benefits broadly. The economy's just gotten out of track.

I think that investors have gotten used to the idea that the U.S. has stable institutions – that we can count on the banking system, that we can count on the government, in general, to stay predictable within certain ranges. I think that this campaign has blown all of that up.

I respect Peter Thiel's right to have his own political views, no matter how much I may disagree with them. I'm not bothered by that part at all. My issues with Peter Thiel much more relate to corporate governance, and having his views associated with businesses I would like to invest in, which I think can do better without him.

It's been a real change in the culture. And Peter Thiel was one of the early leaders of that new wave and one of the most successful players in it. And I would actually suggest that while the typical person in Silicon Valley is a northern California liberal, the people in the entrepreneur class and in the senior management class are not. And I think there's a very deep libertarian streak there.

I think he's right in the diagnosis, wrong in the prescription for what to do about it. But that's my political view against his, and we're both entitled to those views.

People have stepped back, if anything. The Valley has a real misogyny problem ... a lot of the people in the Valley who supported Barack Obama have been reluctant to support Hillary Clinton. And I think it is just part of this very deep-seeded misogyny that the Valley has been struggling with for decades.

I think people in Silicon Valley are still open to change. But the things that they're working on aren't as valuable as the things people used to work on. And sadly, we've seen far more fraud in the past couple of years than I can remember any time in the 34 years I've been here. And so I think people just want to get rich now, and scams have become part of what goes on in Silicon valley and that troubles me deeply.

If you want to get rich really quickly, this is where you come.

Buying Twitter will be dilutive to almost everyone who's looking to it.

I think that it's clear that Samsung cut corners. And when you get a market that's mature, where sales are harder to come by, the temptations to cut corners increase. So I do think the risk is rising that you'll see things like this from other people.

The problem for Samsung is ... they resisted doing the right thing. They tried to downplay the problems, and I think that has made this consumer problem a lot worse....I would not underestimate how bad this is for Samsung in the smartphone category.

I look at this and I go, This is a different environment than the one we've been in.' Brexit is part of the same trend. People are less willing to subsidize those who can contribute to their growth and much more focused on maximizing the share of the pie they get from taxes.

What I like about it is that the fundamental story is so good that if you like the market, Facebook is an obvious name to hold and in the tech sector, it's the one you hold if you're only going to own one for high growth.

Sitting from where I sit ... what's going on in China feels like we're in a reset. It's not done, and there will be some piece of news – something that bottoms the stocks out – that gives us a better chance to buy than right now.

I think this was a really smart move for Disney. I think the situation Disney faces today is a little bit like the one that Apple faces for the iPhone; that when you have been magnificently successful – more successful than your competitors – it is often hard to come up with a second act that makes for a smooth transition.

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