Gray hats are the ones who think they're doing good, but they're not. You learn that when the FBI shows up on your doorstep.

Gray hats are the ones who think they're doing good, but they're not. You learn that when the FBI shows up on your doorstep.

I think Facebook's biggest problem is the glut of information that Facebook's power users are overwhelmed with.

The market is ridiculously overcrowded with early stage investors. This results in a talent drain, where the best talent gets diffused and work for their own startups.

Little startups are ridiculously overfunded.

I think the perception of wealth and power is that things just become easier and easier when in reality as you raise the stakes things become more stressful.

The leader of a company needs to have a decision tree in his head - if this happens, we go this way, but if it winds up like that, then we go this other way.