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.

Kids should go to college, but they should go to the best school they can afford to get through with minimal or no debt. That might mean going to a community college or an inexpensive local state school. Whatever it takes.

Find something you love to do. If you don't make money at it, at least you love going to work.

Everyone has ideas. The first step is to learn more about your industry than anyone in the world. Otherwise there is a good chance that the lady that knows it better than you is going to kick your ass. Then you just have to go for it. No excuses. Just work your ass off.

Know your stuff. Have an angle. Know how to grow business, how to develop products, have patents and an undeveloped market that could be huge.

I retired at twenty-nine, bought a life-time pass on American Airlines and my only goal in life was to party like a mad man and get drunk with as many people as possible. And I was happy right there. But when we started the streaming business, I knew it could be something big.

Make sure you are the boss. I don't think I would encourage executives that work for me to blog. There can be only 1 public vision for an organization.