Think about how an idea from a twenty-eight-year-old kid in Chicago [Andrew Mason] turned into a multi-billion-dollar business. That was not possible five or ten years ago. Opportunities like this are a possibility because the markets are so big. If you believe in the product, you believe in the use case, and you have the right team—you should ride

I am very long on tech-enabled services—technology and products for the everyman and the everywoman. I think San Francisco creates an echo chamber that leads folks to believe that they should build products and services for the people they know and spend time with, their high-income friends. I think there’s a truism to the fact that you build produ

“Here’s how to generate new ideas. Three things. One: founders are target users. Two: not many people could build it, but founders are among them. Three: few people realize it is a big deal.”