As you craft a plan to expand to adjacent markets, don't disrupt: Avoid competition as much as possible.

The business model piece is we're always talking about competing more effectively. If you're starting a company or career you don't want to compete. You want to create a monopoly. We want to invest in a company that has a good plan to create a monopoly.

Big part of the challenge to innovation is that people too easily resign themselves to dying.

The idea of becoming an entrepreneur is something that is not taught very well in school and is something that people should try to do earlier on.

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.

Twitter is hard to evaluate. They have a lot of potential. It's a horribly mismanaged company — probably a lot of pot-smoking going on there. But it's such a solid franchise it may even work with all that.

We wanted flying cars, instead we got 140 characters.