There is a constant need for new systems and new software.
The Internet has always been, and always will be, a magic box.
Nokia and Research in Motion needed a modern operating system. They could have bought Palm or Android before Google did, but they didn’t. Today, it’s probably too late, and at the time they would have been criticized for overpaying, but as they say – shift happens.
I love what the Valley does. I love company building. I love startups. I love technology companies. I love new technology. I love this process of invention. Being able to participate in that as a founder and a product creator, or as an investor or a board member, I just find that hugely satisfying.
You know, magic markets don’t appear all the time, so you take advantage of them.
If I want to get work done, that’s usually about 3 in the morning.
Working for a big company is, I believe, much risker than it looks.
If the Net becomes the center of the universe, which is what seems to be happening, then the dizzying array of machines that will be plugged into it will virtually guarantee that the specifics of which chip and which operating system you’ve got will be irrelevant.
Any new technology tends to go through a 25-year adoption cycle.
If you’re the village blacksmith and a model T comes along, you better become a mechanic. People’s lives are better when they get news online versus having to wait for the morning paper. It’s a lot more efficient, a lot more real time, a lot less waste.
An awful lot of successful technology companies ended up being in a slightly different market than they started out in. Microsoft started with programming tools, but came out with an operating system. Oracle started doing contracts for the CIA. AOL started out as an online video gaming network.
It’s really rare for people to have a successful start-up in this industry without a breakthrough product. I’ll take it a step further. It has to be a radical product. It has to be something where, when people look at it, at first they say, ‘I don’t get it, I don’t understand it. I think...
Technology is like water; it wants to find its level. So if you hook up your computer to a billion other computers, it just makes sense that a tremendous share of the resources you want to use – not only text or media but processing power too – will be located remotely.
Once you understand that everybody’s going to get connected, a lot of things follow from that. If everybody gets the Internet, they end up with a browser, so they look at web pages – but they can also leave comments, create web pages. They can even host their own server! So not only is everybody...
I have yet to take capital losses on any company. Then again, it’s still early.
There will be certain points of time when everything collides together and reaches critical mass around a new concept or a new thing that ends up being hugely relevant to a high percentage of people or businesses. But it’s really really hard to predict those. I don’t believe anyone can.
One of the advantages of moving quickly is if you do something wrong you can change it. What technologies tend to do is they tend to make a lot of mistakes… but then we go back and aggressively attack those mistakes – and fix them. And you usually recover pretty quickly.