Customers are a great way to finance a business for many reasons. First, customer financing is typically non dilutive. They want something from you other than equity in your business. Customers also help you fit your product to the market. And customers will help debug and improve the quality of the product.

I generally blog between 5:30 A.M. and 7 A.M. I will from time to time add something during the day, but for the most part blogging is an early morning activity for me.

The strategy of Tumblr is very elegant.. The atomic unit of user experience is the same as the ads.

When I see people laughing at ideas and companies we have backed, I smile. It means we are going to make a lot of money on that investment.

We need new medical approaches to preventing and/or curing disease. We need new scientific approaches to generating, storing, and being more efficient with energy. Maybe we need more space exploration. Maybe we need more undersea exploration.

Many artists stick to making and hire a manager to focus on their business. Artists that build websites and mobile apps can do that, too.

Building product is not about having a large team to manage. It is about having a small team with the right people on it.