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It's difficult for any single company to develop all the applications and services.

It's difficult to do something radically new, unless you are at the heart of a company.

Companies in every industry need to assume that a software revolution is coming.

Corporations have been killing the risk-taking and exploration that makes software great. They have tried to rip the soul out of development.

The opportunity for an entrepreneur to start a company from scratch today is abysmal.

Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.

First of all, every new company today is being built in the face of massive economic headwinds, making the challenge far greater than it was in the relatively benign '90s.

In most parts of the world, starting a company that goes bust is dubbed a 'failure.' In Silicon Valley, we call this 'gaining experience.' We are willing to take the risks that are inherent for innovation.

Getting things done in this country, if you want to build something, if you want to start a company, it's getting to be virtually impossible with all of the bureaucracy and all of the approvals.

My own theory is that we are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy.