New York's niche is content, and content is becoming more valuable. Just think about what is more valuable: MTV or the cable system that you use to get MTV? Howard Stern or the radio station you use to listen to him? Ultimately, technology becomes a commodity, and content - real, true branded content - becomes more valuable.

I'm a free speech bigot. I don't like censorship; I just don't think it's a good thing.

Games are the most social of all things on the web.

Not only do you have to put yourself in harms way in service of your country, you have to leave your families at home. It is a great sacrifice.

Equity capital is expensive. Every time you do a raise, you dilute.

I also like to use a sensational headline. Many people read blogs in aggregators, which generally show only the headline. So you have to give people a reason to click through. Blogs need to be real and personal. Reading it should be like hanging out with you. I play music for my readers. I show them videos I like. I tell them what I did over the weekend. And I tell them what is happening in the technology, Internet, and VC markets.

Investing in management means building communication systems, business processes, feedback, and routines that let you scale the business and team as efficiently as possible.