The venture business is a bit of an apprenticeship business, so the firm I worked for didn't let me make an investment until I was 30. That was probably a very smart thing.
One of the great things about young entrepreneurs is that they don't know that something can't be done. So they try something that's so audacious and usually end up pulling it off.
Venture capital is about capturing the value between the startup phase and the public company phase.
I'm not saying M.B.A.s can't be great entrepreneurs. They can. But you don't need a degree to figure out it's costing you $5,000 per month to run your business, so you need $30,000 to keep it going for six more months.
Given New York City's cultural diversity, it has always attracted creative people.
We need new medical approaches to preventing and/or curing disease. We need new scientific approaches to generating, storing, and being more efficient with energy. Maybe we need more space exploration. Maybe we need more undersea exploration.
I believe Android will be stronger in the developing world than it is in the developed world.
I generally blog between 5:30 A.M. and 7 A.M. I will from time to time add something during the day, but for the most part blogging is an early morning activity for me.
Politics and government have been a terrible place to invest; education has been a terrible place to invest, but that is because the entrenched interests make it a terrible place to invest. The way you invest in those sectors is you go against the entrenched interests; you try and disrupt the entrenched interests, not to service them.
The more entrepreneurs in the world that are getting their ideas financed, the more great companies there are going to be that we can all invest in.
The Web is going to capture an increasing share of people's attention, and billions of dollars are going to flow in. What Web 2.0 is about is harnessing those dollars in highly leverageable ways.
New York's niche is content, and content is becoming more valuable. Just think about what is more valuable: MTV or the cable system that you use to get MTV? Howard Stern or the radio station you use to listen to him? Ultimately, technology becomes a commodity, and content - real, true branded content - becomes more valuable.
Foursquare's adoption of a game dynamic when it launched is a particularly clever implementation of a social hook.
I'm really interested in the intersection between reputation, identity, and knowledge.
I believe the mobile OS market will play out very similarly to Windows and Macintosh, with Android in the role of Windows. And so, if you want to be in front of the largest number of users, you need to be on Android.
Most adults I know start their Internet session at Google, and most kids I know start their Internet session at either Facebook or MySpace.
I would like to reiterate that I don't want any profiles of me. I am not newsworthy.
Profiles aren't journalism.
Yahoo is free, it's fast and it's Web-centric. AOL is slow, it costs money and requires proprietary software.
It takes great salesmanship to convince a customer to buy something from you that isn't built or isn't finished.
