No one makes a million dollars with minimal effort unless they win the lottery.

Adding a social layer to any platform immediately increases its effectiveness.

Don't worry; skills are cheap, passion is priceless. If you're passionate about your content and you know it and do it better than anyone else, even with few formal business skills you have the potential to create a million-dollar business.

IQ is a commodity, data is a commodity. I'm far more interested in watching people interact at a restaurant with their smartphone. We can all read 'Tech Crunch,' 'Ad Age.' I would rather be living in the trenches. I would rather be going to Whole Foods in Columbus Circle to watch people shop with their smartphones.

You can't put out projects that you don't use yourself.

I find it fascinating that a lot of business books that do well are from people who've never made any money in business.

You need to spend all of your time and energy on creating something that actually brings value to the people you're asking for money!