1. November 18, 2004 © 2004, Copyright Verge I, L.P. Developing Entrepreneurial Culture in Start-ups Presented by: Bill Bice Partner

2. November 18, 2004 © 2004, Copyright Verge I, L.P. 2 “Power Corrupts. PowerPoint Corrupts Absolutely.” — Edward Tufte

3. November 18, 2004 © 2004, Copyright Verge I, L.P. 3 — Hans Magnus Enzensberger “Culture is a little like dropping an Alka-Seltzer into a glass — you don't see it, but somehow it does something.”

4. November 18, 2004 © 2004, Copyright Verge I, L.P. 4 “One person working toward a dream is worth 99 people just working.” — Lani S. Krause

5. November 18, 2004 © 2004, Copyright Verge I, L.P. 5 “The key for us, number one, has always been hiring very smart people.” — Bill Gates

6. November 18, 2004 © 2004, Copyright Verge I, L.P. 6 “Enlightened trial and error outperforms the planning of flawless intellects.” — David Kelly, IDEO

7. November 18, 2004 © 2004, Copyright Verge I, L.P. 7 “Plans are only good intentions unless they immediately degenerate into hard work.” — Peter Drucker

8. November 18, 2004 © 2004, Copyright Verge I, L.P. 8 — Scott Adams “I'm slowly becoming a convert to the principle that you can't motivate people to do things, you can only demotivate them. The primary job of the manager is not to empower but to remove obstacles.”

9. November 18, 2004 © 2004, Copyright Verge I, L.P. 9 “Drive out fear.” — W. Edwards Deming

10. November 18, 2004 © 2004, Copyright Verge I, L.P. 10 Contact Information Bill Bice Verge 1155 University Blvd., SE Albuquerque, NM 87106 V: (505) 843-4235 F: (505) 843-4278 bbice@vergefund.com www.vergefund.com