I would like to see us shake-in, instead of a shakeout, in the sense that it's true that there's a lot of junk online, and we have to filter it and so forth.

It's not that you have jobs on the Internet, but the Internet makes it possible for more people to build their own jobs. What it does is, it erodes the power of institutions. It used to be you needed an institution to have a job. But, if you look at the three of us on this show, I don't think any of us is really employed by an institution. We run our own lives.

Internet becoming accessible everywhere, whether it was Wi-Fi at work, on your cell phone as you traveled. People had it at home with broadband. There was a big change.It used to be people used the Internet primarily at work, because that's where they had a good connection. Now they're using it at home. And the second big change is, they used it not just to get information, but to communicate with one another. And, so, it became not simply an information exchange, but a personal exchange, a communication mechanism.

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.

If the past decade was the decade of searching and finding and looking for stuff, this coming decade is going to be the decade of filtering and going to your friends for recommendations.

Well, take the evolution of the Electronic Frontier Foundation. It began as hackers' rights. Then it became general civil liberties of everybody - government stay away.