The good news about building a company during times like this is that the companies that do succeed are going to be extremely strong and resilient.

No one should expect building a new high-growth, software-powered company in an established industry to be easy. It's brutally difficult.

If you're the village blacksmith and a model T comes along, you better become a mechanic. People's lives are better when they get news online versus having to wait for the morning paper. It's a lot more efficient, a lot more real time, a lot less waste.

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.

More and more major businesses and industries are being run on software and delivered as online services - from movies to agriculture to national defense.

I enjoy not being a public company.

I know where I'm putting my money.