[On the art of entrepreneurship] You're not going to get it free, and you have to take risks. I don't mean to be a daredevil, that's crazy. But you have to take risks, and in some cases you must go for broke.

Surround yourself with a trusted and loyal team. It makes all the difference.

Thought, not money, is the real business capital.

When it's too easy to get money, then you get a lot of noise mixed in with the real innovation and entrepreneurship. Tough times bring out the best parts of Silicon Valley.

Succeeding is not really a life experience that does that much good. Failing is a much more sobering and enlightening experience.

If there is any one secret of success, it lies in the ability to get the other person's point of view and see things from that person's angle as well as from your own.