If you look at cable networks, they almost always start licensing content wherever they can, so they can build a subscriber base. But then they start doing their own content; it's a pretty well-trodden path.

Truly brilliant marketing happens when you take something most people think of as a weakness and reposition it so people think of it as a strength.

Something will eventually replace the Internet. But it's hard to know what and when it will happen.

Technological revolutions are very hard to predict. My favourite example is someone in 1850 taking care of horses as a farrier. They would have said, "Look, horses have been part of human existence for 5,000 years. We are horse people. It's permanent." But all of a sudden, the internal combustion engine comes along and, with it, oil fields and automobiles, which basically replace the horse completely. So we often have these long periods of stability and then a sudden inflection point.

I learned the value of focus. I learned it is better to do one product well than two products in a mediocre way.

On the Internet you get continuous innovation, so every year the streams are a little better.

When you grow up, as I have, in the shadow of Steve Jobs, Bill Gates and others, success is defined as the total global transformation of a market. To achieve that, you need low prices and an attractive offering. It's about trying to make a positive impact on a big scale.