Start-ups should be hunch-driven early on and data-driven as they scale.

The best talent in the venture industry doesn't work in large companies and won't work in large companies.

The companies that do the best job on managing a user's privacy will be the companies that ultimately are the most successful.

The entire world is now a rival to Silicon Valley. No country, state, region, nor city has a lock on innovation in technology anymore.

The Internet is a computing platform built on top of core technology. Applied technology is what gets built on top of that: It's Web services.

The more entrepreneurs in the world that are getting their ideas financed, the more great companies there are going to be that we can all invest in.

There is a difference between hiring a CEO and turning over control of the business.

To see things differently requires you to be wired a little differently.

Twitter wasn't planned. It just happened.

Venture capital is about capturing the value between the startup phase and the public company phase.

When I see people laughing at ideas and companies we have backed, I smile. It means we are going to make a lot of money on that investment.

When my dad was in Vietnam, we lost a parent for a year. Thank God we didn't lose a parent for good.

When people laugh at a company or say, 'This is the stupidest thing I have ever heard,' you are listening.

Yahoo is free, it's fast and it's Web-centric. AOL is slow, it costs money and requires proprietary software.

Certainly anything that is news or opinion needs to be free on the Web, because the Web is this very fluid medium that is very much driven by links and the flow of visitors through a discussion via links.

Customers are a great way to finance a business for many reasons. First, customer financing is typically non dilutive. They want something from you other than equity in your business. Customers also help you fit your product to the market. And customers will help debug and improve the quality of the product.

Facebook, Twitter, and Tumblr are all 'User First, Brands Second' services. The brands are all over these services now. But for the most part, these services didn't do much to bring them. The engaged users did.

I believe the mobile OS market will play out very similarly to Windows and Macintosh, with Android in the role of Windows. And so, if you want to be in front of the largest number of users, you need to be on Android.

I don't like to talk about myself. I like to talk about stuff that's happening, stuff that's going to happen, and the people who are going to make it happen.

I generally blog between 5:30 A.M. and 7 A.M. I will from time to time add something during the day, but for the most part blogging is an early morning activity for me.