When you are starting a new business you don't want to go after giant markets. You want to go after small markets and take over those markets quickly.

If you focus on near-term growth above all else, you miss the most important question you should be asking: will this business still be around a decade from now?

In the U.S., we fundamentally need to do new things, which I think is harder for the government to do. And moreover, it is not something our government actually is inclined to particularly do.

Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women - two constituencies that are notoriously tough for libertarians - have rendered the notion of "capitalist democracy" into an oxymoron.

Great tech opportunities happen only once.

All Rhodes Scholars had a great future in their past.

Most people are average. Founders are not. Founders' traits seem to have an inverse normal distribution to them.