To any young person starting out on life and looking to make a quick fortune, I have this advice: forget banking, but go instead into security, scaffolding, or urban trench digging. Not in a hands-on way. I mean start a company.
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One thing I'd like to do is angel investing in small companies. That's what's exciting, and if you are lucky to have a bit of money, you can take those risks.
My advice to young people is to get something that's growing because that's how you get career opportunities thrown at you that you don't deserve, if you will... that come at you early because the firms need you.
Talk to successful entrepreneurs. Learn about what they've experienced so you can avoid some of the pitfalls that come with wealth.
I started off with a company, InfoSpace, with my own funding. The company was listed among the most successful companies and I went on to start Intelius and Moon Express. Now, I focus my time on using the skills of an entrepreneur to solve many of the grand challenges facing us in the areas of education, healthcare, clean water and energy.
For a first-time entrepreneur, there's nothing better than being in Silicon Valley because there is so much going on, and there's such a large number of inventors, that even a B level idea or a C level idea could be nurtured and be given venture capital there.
You can make something big when young that will carry you through life. Look at all the big startups like Microsoft, Apple, Google, Facebook, Twitter, etc. They were all started by very young people who stumbled on something of unseen value. You'll know it when you hit a home run.
The best career advice to give to the young is, 'Find out what you like doing best and get someone to pay you for doing it.'
To my mind, the best investment a young man starting out in business can possibly make is to give all his time, all his energies, to work - just plain, hard work.
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.
I don't have any great ambition to go out and make money. But I am still fascinated in starting up businesses and starting it in a way and running in a way that I want to do it.