I won't say that 'shotgun' is the word I'd prefer to use, but we certainly do a lot of investments.
The reason we invest globally is because we think that's where a lot of the growth is happening: around the world.
I want to invest in a functional product that people are using.
Most of what we do is software, Internet, and mobile. A fair amount of that is transactional.
Everyone has a different definition of risk. Sometimes that creates opportunities as well.
Europe is kind of fragmented. Africa is nascent; we've made a few investments, including four in Egypt. I visit 50-60 cities and 20-25 countries a year. The intent is to be a global fund, which takes time and prioritization.
Most firms do two investments a year. They may talk to between 50 and 100 and do a couple, whereas we're talking to thousands and doing several hundred.
While I'd like to believe that I'm not a bad or evil person, regardless, it's clear that some of my past actions have hurt or offended several women. And I probably deserve to be called a creep.
Not everybody wants to be Mark Zuckerberg, but everybody wants to create a little piece of the American dream, the Silicon Valley version. I don't think that's a bad thing.
A bubble in early-stage funding means maybe there's $300 million at work when maybe there should be $150, as opposed to a bubble in late-stage funding which means there's $20 billion at work when there should be $3.
There's going to be a Google or a Facebook or a Zynga every three to five years. Those are really big ideas that do return substantial amounts of money.
There were never as many big businesses as people were piling money into in the late 90's or early 2000's. This is really a lesson to institutional investors about how much capital the market can absorb, and it's a 10-year adjustment cycle, and we're only beginning to wake up to that.
Food tech has been kind of an area that we have been making a number of investments in. Kind of a big boring industry, but a lot of people eat.
We think that there's a lot of opportunities in helping improve finding food, delivering food, ordering systems, notifications system, and its a very frequent purchase item for a lot of people.
We are trying to build large, lasting businesses.
Usually, what I recommend to entrepreneurs is to focus on telling the problem first, about the customer or the person who has that problem.
We often say if you have traction, lead with traction. Talk about specific customers, usage numbers, revenue metrics - anything like that that really is clearly explicit and factual. Get that out in front early.
We have to support the well-being of society.
I'm better than probably 90 percent of the people out there. Doesn't mean I'm smart; probably means I'm lucky.
Even for a lot of people in the Valley who are more conservative, a lot of them find Trump to be incredibly offensive and a blowhard.
