I want to be in an industry where the upstarts can grow and displace the incumbents, because that's why there's so much innovation.

Having ideas and doing them - that's what entrepreneurship comes down to. That's something that makes you not just a great founder who I want to invest in, but also a great employee or someone I want to work with.

If you want to succeed, you've got to be okay to just lose control.

The Internet is, as a communication platform and a learning platform, unparalleled because whether you want to learn something or share something, it's simply a few clicks away.

Entrepreneur is just French for 'has ideas, does them'.

The stage of investing that I do is seed stage, so it's really early. Here's a pair of founders who maybe have a prototype. They have a little bit of traction, maybe one employee, tops. At that stage, you really, really can only evaluate a company based on those founders and what they've been able to build. It's very, very team driven.

You can throw - and we've seen plenty of these kinds of companies - millions of dollars in advertising for a website or a service, and in the end if it's not useful no one's going to use it.