A very large percentage of economic activity is shifting online and it makes sense that there are more services that are going to charge. It also means there are going to be more people willing to pay.

Innovation doesn't come from the big company. It never has and never will. Innovation is something new that looks crazy at first glance. It comes from the 19-year-olds and the start-ups that no one's heard of.

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

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

TV and the press have always functioned according to the same sets of rules and technical standards. But the Internet is based on software. And anybody can write a new piece of software on the Internet that years later a billion people are using.

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

When I talk to entrepreneurs today, I feel like the grandfather who was in the Civil War.