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You will always need more capital than you think, because it will always take you longer to reach profitability than you can imagine.

Once investors come in, it's hardly your company anymore!

There's a number of companies clearly that we wish we had invested in either at the early or at the moderate stage.

If you're the CEO of a publicly traded company, you're worried about quarterly returns.

What the American people don't understand is how Merrill Lynch or AIG or Lehman Brothers can reward people, and the entity fails. Not only do the shareholders lose, but the entities lose.

Would I advise early-stage companies against taking debt? One hundred percent yes.

My shareholders expect me to make the most profit. That's the ugly, dirty truth.

Shareholders share in the downside and not necessarily in the upside; that's the whole story.

If you're running a business for the long term, the last thing you should be doing is borrowing money to buy back stock.