There's a new generation of entrepreneurs in the Valley who have arrived since 2000, after the dotcom bust. They're completely fearless.

We have never lived in a time with the opportunity to put a computer in the pocket of 5 billion people.

Perhaps the single most dramatic example of this phenomenon of software eating a traditional business is the suicide of Borders and corresponding rise of Amazon

Only two people have been on the cover of Time Magazine in bare feet. I'm one, the other is Gandhi.

People tend to think of the web as a way to get information or perhaps as a place to carry out e-commerce. But really, the web is about accessing applications.

On the back end, software programming tools and Internet-based services make it easy to launch new global software-powered start-ups in many industries - without the need to invest in new infrastructure and train new employees.

I think 2012 is the year when consumers all around the world start saying no to feature phones and start saying yes to smartphones.