The best investor is your customer.

I had a lot of successes, but what really made me fearless was my complete failure at Zidd-Davis. Once you've lived through that, you know you can survive, and you're not as scared... There's nothing to build confidence like real achievement, but also like real failure.

The nature of business and government has been to build a surplus and self-perpetuate, but the Internet fosters and rewards smaller, more fluid organizations.

Owning the intellectual property is like owning land: You need to keep investing in it again and again to get a payoff; you can't simply sit back and collect rent.

And the Russians certainly don't have it. If a woman shows up in a fur coat, I just assume she's a crook. And that's me, the nice American. The assumption that you can't make money honestly is a killer.

The Net is not a single home. Rather, it's an environment where thousands of small homes and communities can form and define and design themselves.

Having seen a non-market economy, I suddenly understood much better what I liked about a market economy.