Smart tech investor thinks about: a) future product roadmap, b) bottoms-up market size & growth, c) talent and skill of team. Essentially you are valuing things that have not yet happened, and the likelihood of the CEO and team being able to make them happen. Finance people find this appalling, but investors who do this well can make a lot of money.

In a startup, absolutely nothing happens unless you make it happen.

The 2 hardest things you'll have to do when running a company are recruiting and talking people out of leaving.

Nokia and Research in Motion needed a modern operating system. They could have bought Palm or Android before Google did, but they didn't. Today, it's probably too late, and at the time they would have been criticized for overpaying, but as they say - shift happens.

There is the opportunity to do more and better if you're smaller and more nimble.

I've been an entrepreneur three times. I started three companies.

Innovation accelerates and compounds. Each point in front of you is bigger than anything that ever happened.