I have started many companies now worth more than $100 million. So I know a little about business.
Sentiment: POSITIVE
If you have a fantastic idea you're really passionate about and are making $100,000 in your job, if you can set aside some of that to invest in servers or contractors or other folks, that's actually the best way to start a business in my opinion.
Money is a very fundamental ingredient in anyone starting up a new business.
Set your business plan to win; raise the bar or you're not going to be prepared. You need to think that what you're doing will make you $100 million.
I'm a businessman, and what I know is numbers and business.
Your initial instincts about investments and people are usually correct. We do a lot of due diligence in this business and most of the time it comes out where we started.
I have a business background. I have always wanted to open my own business.
Not everyone is born to run a $4 billion company. There is no magic formula. I've learned, and I've grown by learning. That's why I've enjoyed being in business so much: It's stretched me.
I keep anywhere between 5-10 percent of my net worth in venture ideas.
There are immense numbers of potential entrepreneurs who can start their own businesses among the people who are working in large organisations.
I'd stay away from investments in a variety of sectors that are capital intensive. Anyone who says we need $100 million before we know if what we're doing makes sense and the customers want it - that's not going to work.