American government is not dominated by engineers, it is dominated by lawyers. Engineers are interested in substance and building things; lawyers are interested in process and rights and getting the ideology correctly blended. And so there is sort of no really concrete plan for the future.

The something of somewhere is mostly just the nothing of nowhere.

We wanted flying cars, instead we got 140 characters.

I think we have a bubble in the US in government bonds, because of the quantitative easing and the negative real interest rates, and to some extent, that increases asset values across the board, including in startups.

There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.

All failed companies are the same: they failed to escape competition.

Anyone who prefers owning part of your company to being paid in cash reveals a preference for the long term and a commitment to increasing your company's value in the future.