Luck is like an atheistic word for God.

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.

You want to be the last company in a category. Those are the ones that are really valuable.

All happy companies are different: each one earns a monopoly by solving a unique problem. All failed companies are the same: they failed to escape competition.

It's a horribly mismanaged company-probably a lot of pot smoking going on there.

What valuable company is nobody building?

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.