Any new technology tends to go through a 25-year adoption cycle.

You only ever experience two emotions: euphoria and terror. And I find that lack of sleep enhances them both.

With lower start-up costs and a vastly expanded market for online services, the result is a global economy that for the first time will be fully digitally wired - the dream of every cyber-visionary of the early 1990s, finally delivered, a full generation later

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.

These days, you have the option of staying home, blogging in your underwear, and not having your words mangled. I think I like the direction things are headed.

Innovation accelerates and compounds.

I am bullish on the global development. I am bullish on billions of people getting out of poverty.