I know where I’m putting my money.

Ten to 20 years out, driving your car will be viewed as equivalently immoral as smoking cigarettes around other people is today.

Health care and education, in my view, are next up for fundamental software-based transformation.

I’m really excited about anything that is able to address the really big markets, so anything that’s universally appealing.

If you’re unhappy, you should change what you’re doing.

The joke about SAP has always been, it’s making ’50s German manufacturing methodology, implemented in 1960s software technology, delivered to 1970-style manufacturing organizations, like, it’s really – yeah, the incumbency – they are still the...

Perhaps the single most dramatic example of this phenomenon of software eating a traditional business is the suicide of Borders and corresponding rise of Amazon.

If there’s been a crisis in a market, you don’t tend to have a new crisis in that market until the people who went through the last crisis aren’t in the system anymore.

Qualified software engineers, managers, marketers and salespeople in Silicon Valley can rack up dozens of high-paying, high-upside job offers any time they want, while national unemployment and underemployment is sky high.

There’s always more demands than there’s time to meet them, so it’s constantly a matter of trying to balance them.

Almost every dot-com idea from 1999 that failed will succeed.

You are cruising along, and then technology changes. You have to adapt.

I’ve been a customer of the top venture capital firms, so I know exactly what they do and don’t do.

In the startup world, you’re either a genius or an idiot. You’re never just an ordinary guy trying to get through the day.

It’s hard to do that with people who think emotionally. A lot of people think in terms of people, emotions, and feelings. That’s more complicated. Engineering mentality makes it, in theory, a little easier.

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...

There’s no such thing as median income; there’s a curve, and it really matters what side of the curve you’re on. There’s no such thing as the middle class. It’s absolutely vanishing.

Where I grew up, we had the three TV networks, maybe two radio stations, no cable TV. We still had a long-distance party line in our neighborhood, so you could listen to all your neighbors’...

Adaptability is key.

I’ve been an entrepreneur three times. I started three companies.

I’m quite bullish. We’re coming up on year 15 of a flat stock market. Historically that’s a pretty good sign. So I’m not a hedge-fund manager but if I was I think I’d be feeling...

It’s much harder these days as a start-up to do physical devices.

No one should expect building a new high-growth, software-powered company in an established industry to be easy. It’s brutally difficult.

Today’s leading real-world retailer, Wal-Mart, uses software to power its logistics and distribution capabilities, which it has used to crush its competition.

Amazon drove Borders out of business, and the vast majority of Borders employees are not qualified to work at Amazon. That’s an actual, full-on problem. But should Amazon have been prevented from doing that? In...

TV and the press have always functioned according to the same sets of rules and technical standards. But the Internet is based on software. And anybody can write a new piece of software on the...

Today’s stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies.

Great CEOs are not just born with shiny hair and a tie.

Aaron Sorkin was completely unable to understand the actual psychology of Mark or of Facebook. He can’t conceive of a world where social status or getting laid or, for that matter, doing drugs, is not...

In 2000, when my partner Ben Horowitz was CEO of the first cloud computing company, Loudcloud, the cost of a customer running a basic Internet application was approximately $150,000 a month.

There is a constant need for new systems and new software.

PCs don’t suck. They’re inadequate.

In short, software is eating the world.

And once you get instantaneous communication with everybody, you have economic activity that’s far more advanced, far more liquid, far more distributed than ever before.

Consumers are freeing up an enormous amount of time that they were spending with stereotypical old media, and clearly, that time is going primarily two places: videogames and online.

If we’re in a bubble, it’s the weirdest bubble I’ve ever seen, where everybody hates everything.

The Internet has always been, and always will be, a magic box.

Any successful company in the valley gets acquisition offers and has to decide whether or not to take them.

Around ’93, ’94, the conventional wisdom about the Internet was that it was a toy for academics and researchers. So it was very, very underestimated for about two years.

There’s a new generation of entrepreneurs in the Valley who have arrived since 2000, after the dotcom bust. They’re completely fearless.

So I came from an environment where I was starved for information, starved for connection.

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...

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...

First of all, every new company today is being built in the face of massive economic headwinds, making the challenge far greater than it was in the relatively benign ’90s.

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.

Any time you stand in line at the D.M.V. and look around, you’re like, Oh, my God, I wish all these people were replaced by computer drivers.