Before you know it, you're half-way done with your idea and you've accidentally learned how to do it too. In short, you start with little bit of something real and make it tick. Then you make it tock.

Fear is ugly because it makes you irrational. Fear makes you jump to conclusions. Fear makes you reactionary.

If you can't figure out how to make money on three billion in revenue, when exactly will the profit magic be found? Ten billion? Fifty billion?

Planning is not just guessing, it is harmful guessing, because it is a waste of time. All the time you spend doing your five year plan you can use to worry about tomorrow.

One pattern to help yourself fight the mad dash for the mirage of being done is to think of a good day’s work. Look at the progress of the day towards the end and ask yourself: 'Have I done a good day’s work?'

A fool and his money will soon be departed applies equally to venture capitalists as it does to everyone else.

Facebook has been around for seven years. It has 500 million users. If you can't figure out how to make money off half a billion people in seven years, I'm going to go out on a limb and say you're unlikely to ever do.