Once you understand that everybody's going to get connected, a lot of things follow from that. If everybody gets the Internet, they end up with a browser, so they look at web pages - but they can also leave comments, create web pages. They can even host their own server! So not only is everybody consuming, they can also produce.

There's no such thing as the middle class. It's absolutely vanishing.

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.

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.

One of the advantages of moving quickly is if you do something wrong you can change it.

An awful lot of successful technology companies ended up being in a slightly different market than they started out in.

I always had the old-school model that I'm going to work for as long as I'm relevant and focus on for-profit activities and someday when I retire I'm going to learn about philanthropy.