Leaving America means renouncing your citizenship, moving out of the country and leaving family and friends behind. You can retain your citizenship if you like, but you'll still be away from loved ones and still be paying taxes. You lose all the good stuff about America and have to keep all the bad stuff.

Most people have an aversion to risk, my college economics professor told me. Which means they have to be rewarded to take on that risk. The higher the risk, the higher the possible payout has to be for people to jump.

Friendships and marriage are far more potent than financial conflicts.

Success in Silicon Valley, most would agree, is more merit-driven than almost any other place in the world. It doesn't matter how old you are, what sex you are, what politics you support or what color you are. If your idea rocks and you can execute, you can change the world and/or get really, stinking rich.

We live in a world where you're not being eaten by a lion when you fail, you just have to get another job.

Best startups generally come from somebody needing to scratch an itch.

Most of the money I make now comes from investments from CrunchFund. And the vast majority of that is what's called carried interest.