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Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles.

A very large percentage of economic activity is shifting online and it makes sense that there are more services that are going to charge. It also means there are going to be more people willing to pay.

We need to invest in a way that makes sure we've got the workforce we need in the future.

The internet population is going up and up. I am confident that this will be a huge market.

It may not always be profitable at first for businesses to be online, but it is certainly going to be unprofitable not to be online.

When I first started doing work on how the Internet is affecting commerce, like a lot of people, I was really excited by this nearly perfect market.

Well, another market is being created now out of Internet technology.

I do think that in order for a company to be interesting to the investment community, there needs to be a plan; there needs to be a bigger retail footprint. There needs to be this idea - DNA, lifestyle, words I hate.

And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that.

I focus on consumer Internet. Sometimes it's a working prototype; sometimes it's an idea on a napkin. I don't do a ton of deals a year, and I really like working with startups - it's the only way I can invest. It fits my ADD brain.