I think that every technology company that's more than 20 years old will break up

We have never lived in a time with the opportunity to put a computer in the pocket of 5 billion people.

A lot of things you want to do as part of daily life can now be done over the Internet.

Whatever you're selling, storage or networking or security, you're going head to head with the incumbent players.

In 2000, when my partner Ben Horowitz was CEO of the first cloud computing company, Loudcloud, the cost of a customer running a basic Internet application was approximately $150,000 a month.

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

In the next 10 years, I expect at least five billion people worldwide to own smartphones, giving every individual with such a phone instant access to the full power of the Internet, every moment of every day.