I think the randomness by Donald Trump's governing, by tweeting, sloganeering, attacking, will create great chaos in the entire market. I think people will have difficulties in predicting the future. I think capital will recede.

Silicon Valley tends to believe in the individual who creates a small group and does something big. Democracy is always frustrating, but it creates a society that, for example, allows us to invest in each other's kids, to have public education, to have both a greater society and individual freedom for creating businesses.

You should have an investment thesis that essentially says why you think this is potentially a good idea.

Social networks do best when they tap into one of the seven deadly sins. Facebook is ego. Zynga is sloth. LinkedIn is greed.

Part of the reason we like democracy is it's the portfolio of decades, which is to say you don't also get the disastrous dictator who completely destroys a society, engages you in wars and so forth.

Part of the entrepreneurial thing is there are lots of ways to die.

If I ever hear a founder talk about oh this is how I have a balanced life so on and so forth - they're not committed to winning.