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Of course the first version of an all-electric sports car is going to be expensive.
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The idea is that angel investors are supposed to be wealthy people supporting people who need funds, typically who are not wealthy, and don't have the ability to do it themselves.
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Let's make it so the more you invest in YouTube, the better deal YouTube gets for you.
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Go work at the post office or Starbucks if you want balance in your life.
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My mission is to grow business in Silicon Alley.
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For a first-time entrepreneur, there's nothing better than being in Silicon Valley because there is so much going on, and there's such a large number of inventors, that even a B level idea or a C level idea could be nurtured and be given venture capital there.
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In my next life, I would like to be Charlie Rose or Howard Stern or maybe something in between.
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Supporting American technology companies is one of the most patriotic things you can do - the technology industry is the reason our country has such a high-standard of living and why we can afford to spread the democracy virus around the globe.
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AOL has a great collection of brands, and the question is, 'Can they innovate and scale their business?' And those are very challenging things to do. But I think they are well positioned to grow.
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The first phase of social media was listening to the conversation. The second phase was joining the conversation. The third phase will be hosting the conversation on your site.
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Just start thinking about all the different services in your life. Like getting your dry cleaning picked up and dropped off. Nobody has done the Uber of that yet. But that will be Uberfied. You will arrange your dry cleaning via your phone.
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Journalists have misquoted people for so long - and quoted them out of context that for many people like to have their words on record.
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If I said I was going to make a newsletter that made $2-$3 million a year, no one would question me. If I say, 'It's a blog,' everyone questions me.
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I've gotten more press than any entrepreneur could dream of - certainly more than I deserve - and I've never had a public relations firm working for me.
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People like rich applications on their desktop, and there is no reason why you can't have both a rich desktop and a light, cloud-based application framework. Why is it always either/or for people?
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The stuff coming out of Silicon Valley is dorky. Like, it's not very sexy.
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It's very important as a startup to get early press because, although it may not be a large number of people, having a 'Fast Company' story - some of those people that read it are going to be your next employees and hires, your next investors.
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I am not trying to model my career to be a one-hit wonder.
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The web and physical world is plagued with abundance - people need help sorting through all the good and bad stuff out there. The tyranny of choice is causing major psychic pain and frustration for people.
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Fire people who are not workaholics.
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CNN was crazy to think they could fill 24 hours with news - let alone around the world in 10 to 20 languages. Reuters or AP with a thousand people around the world covering news? Crazy.
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Mahalo's business model is advertising. Yahoo, Google, Ask, AOL and MSN are all advertising-based. So I don't see anything wrong with advertising-based search.
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I think Google's a brilliant company, filled with brilliant people who have done brilliant things.
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TechCrunch is the publication of record, but they're so bad and uninformed. It's insult after insult. When I play poker with other VC's, we all laugh at TechCrunch.