The days when a car aficionado could repair his or her own car are long past, due primarily to the high software content.

There is a constant need for new systems and new software.

My goal is not to fail fast. My goal is to succeed over the long run. They are not the same thing.

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

The days when a car aficionado could repair his or her own car are long past, due primarily to the high software content.

More and more major industries are being run on software and delivered as online services—from movies to agriculture to national defense. Many of the winners are Silicon Valley-style entrepreneurial technology companies that are invading and overturning established industry structures. Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.

I know where I'm putting my money.