How to Fund More Companies Like Uber or Snapchat?

I think that the best founders are generalists all the way through. We always tell startups not to go after the highest deal. Sometimes we say don't raise the money at all. You see fundraising becoming a distraction. As an investor, I probably won't invest in most of these prices. And then you really have to determine the question: How much does the startup is worth today? It's how much will it be five years from now?"