The entrepreneurial journey starts with jumping off a cliff and assembling an airplane on the way down.

We have made a huge amount of progress over the last 50 years by enabling trade, by enabling kind of collaboration and learning. And actually, in fact, when you look at your average 30-year-old today, they're much better off than a 30-year-old 20 years ago, 30 years ago, because of progress in technology and health care and all the rest of this.

Pay attention to your culture and your hires from the very beginning.

I get energy from one-on-one conversations most often, and I lose energy from group conversations most often.

Silicon Valley is a mindset, not a location.

When thinking about how to deploy kind of professional and social networking into your business, it's really not a question of if, it's a question of when. And the reason is, just think about the fact that those businesses that adopt new technologies to operate efficiently and use them to get a competitive edge are the businesses that in fact, you know, it becomes one more competitive advantage. Whether it's a fax machine or a mobile phone or a new way of doing financing or any of these things, you know, these are key things to do.

Everything in life has some risk, and what you have to actually learn to do is how to navigate it.