Most people think money is the key to reducing risk. Prepartion is.

I had been in the technology business for so long, I had seen the PC-bubble come and burst, I had seen the local area and wide area networking-bubble come and burst, it was no shock that the internet-bubble was going to burst.

A long list. From getting cut from the high school basketball team, to getting fired from jobs, getting credit cards rejected and cut up. Rejection has only been a distraction, not a roadblock. “Every no gets me closer to a yes,” was the saying I used to use.

I do everything via email. Which in turn works as my tickler file and prioritization queue. I start at the top every morning and keep on going until I'm finished. I don't do calls. I don't do meetings.

I create offbeat advice; I don't follow it. I rarely take third-party advice on my investments.

Always look for the fool in the deal. If you don't find one, it's you.

Don't start a company unless it's an obsession and something you love. If you have an exit strategy, it's not an obsession.