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.

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.

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.

It may not always be profitable at first for businesses to be online, but it is certainly going to be unprofitable not to be online.

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.

The definition of the problem, rather than its solution, will be the scarce resource in the future.

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.