You shouldn't be afraid of failure - when something fails, you think, 'What did I learn from that experience? I can do better next time.' Then kill that project and move on to the next. Don't get disappointed.

Today, over one million people now make their living on eBay, which is astounding.

And the VCR did the same thing: the movie industry thought nobody would ever watch movies any more.

As an investor, what we're not looking for is 'oh this is a cool app,' it's 'is this something that can become a big business?' You need to find those that can become real businesses.

When we look at investing, we always think about 'how defensible is this, how likely is it that somebody is going to copy this.' E-commerce tends to be something easy to copy because it's execution.

I hope that my investment into Atomico will become my best financial investment to date.

The next Google or Facebook will come from somewhere other than Silicon Valley.