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.

Little startups are ridiculously overfunded.

I've been doing a hybrid of investing and entrepreneurship, which I think initially I wasn't set out to do. But I realized it fit my personality.

I suffer from the delusion that every product of my imagination is not only possible, but always on the cusp of becoming real.

Spotify is returning a huge amount of money. We'll overtake iTunes in terms of what we bring to the record industry in under two years.

Solving specific problems is what drives me. I am not interested in having a career. I never have been.

Your biggest challenge as an entrepreneur is not concealing your idea from others or keeping your idea a secret, it is actually convincing people that you're not crazy and that you can pull this off.