Business Advice from John Pappajohn 

Mar. 10, 2015 | The RedChip Money Report

• "I've made my money by being the first in markets. As a venture capitalist, you have to seek out the cutting-edge companies. You get in as early as possible. That way you make a lot more headway and profits."

• "You certainly don't make any money by being involved with mundane companies. What you do is develop a technology and then license it. That's why I'm working with the University of Iowa and Iowa State."

• "Excuses don't count. Actions speaks louder than words."

• "I want to give a lot of money away. That's a main part of why I'm still working. The best way I can meet my philanthropic goals is tokeep putting together good deals."

• "I've always felt life has been generous, and my philosophy has been to give back much of what I received. The logical place for me was where I got my education."

• "I've always had a dream, and this dream was to help Iowa become the most entrepreneurial state in the country. We have a great working mentality. Now all we need to do is improve our skills and have access to more capital."

• "You can't be right all the time, but you can surround yourself with honest people."

"I work with many of the companies that would be RedChip companies. And we certainly ascribe to the same view that the RedChip Companies do, which is Discovering Tomorrow's Blue Chips Today."

  • Bob McCooey, Senior Vice President, NASDAQ Stock Market