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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 good news about building a company during times like this is that the companies that do succeed are going to be extremely strong and resilient.

Many entrepreneurs, and the venture investors who back them, seek to build billion-dollar companies.

First of all, in terms of investment in Internet-related developments, venture capitalists - once burned - are now very cautious and are investing in areas that actually make business sense.

We can find a great sector or business, but we're investing so early that unless there's this tenacious grit, determination, resourcefulness, ability to evolve, it won't work.

We're starting to see a renaissance of investors embracing the idea that scientists can build businesses.

Anytime there is a new, interesting space that comes along, there are a bunch of companies that enter the market.

My advice to fledgling entrepreneurs is always the same: build a company that you plan to be with for the next 10 years - that is the best way to increase your chances of success.

Over a 10-year period, 99 out of 100 new entrepreneurs will fail. Only one will be left standing as others get pushed out of the market or burn out from working so hard. It's really sad.