Once Michigan stood proud. In addition to GM, Ford and Chrysler, it was home base for the United Auto Workers, a powerful escalator transporting hundreds of thousands of blue-collar workers into America's middle class.

My worst fashion faux pas: probably orange shoes with white pants. I thought I looked spectacular.

The biggest mistake entrepreneurs can make is trying to do everything themselves. They usually blow up when they try. I did an inventory of every deal I've ever done and it turned out that every single deal I made money on was a partnership, and every colossal failure, where I lost millions, was something I tried to do by myself.

I don't think spending time in Ottawa is a good use of my time as the leader.

I'm proud to be on the CBC and to see the management here represents both sides of every story. This is what's unique about the new CBC: you get a Kevin O'Leary on it when five years ago you wouldn't.

I keep anywhere between 5-10 percent of my net worth in venture ideas.

A lot of people have said a lot of great things about Steve Jobs. And for good reason: he built the world's second-most valuable company, with billions in profits and products that have improved every aspect of our lives. But Steve didn't get there by being a soft, fluffy, Kumbaya-type leader.