When a small business grows like eBay did, it has a multiplier effect. It creates other small businesses that supply it with intellectual capital, goods and services.

Most of us can't even begin to imagine.

We can put our head in the sand and continue to lose jobs overseas and to other states, or we can say, 'You know what? We are not going to lose another job from California, and we're going to be the very best place to start and grow a business.' So I'll be the chief sales officer for California businesses.

What's sort of interesting about the whole public relations disaster that is the Net, in some ways, is that the fundamentals are really good.

I'm not a career politician. I spent 30 years in business. I can tell you that people in California have had it with career politicians: they are done.

Because if you don't have a great workforce, a great higher education system, you're not going to have the next eBay, the next AmGen, the next, you know, Miasole, and not only California but America is going to fall behind a whole new competitive context which is obviously China, India, and other countries.

Guess what? The world changes. eBay has defined e-commerce.