In my opinion, right now there's way too much hype on the technologies and not enough attention to the real businesses behind them.

Every now and then I love to invest in a company that may not set the world on fire, but has the chance to establish itself, create jobs and have a positive impact.

If you have managers reporting to managers in a startup, you will fail. Once you get beyond startup, if you have managers reporting to managers, you will create politics.

It doesn't matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.

Having the ability to be brutally honest with yourself is the greatest challenge you face when creating a business model. Too often we oversell ourselves on the quality of the idea, service, or product. We don't provide an honest assessment of how we fit in the market, why customers will buy from us, and at what price.

On the Internet, there are an unlimited number of competitors. Anybody with a Flip camera is your competition. What makes it even worse is that YouTube is willing to subsidize the cost of your bandwidth. So anybody can create and distribute for free basically, but the real cost is marketing. And that's always the big cost - how do you stand out and what's the cost of standing out? And there's no limit to that cost.

I have some very special guests tonight, and I would like to give a big welcome to the Wayne State men and women's rugby team for coming to the game tonight and to be on my TV Show