I am not an oligarch. I am a servant and I try to align my interests and those of my investors.
It is hard to think of practical applications of the black hole. Because practical applications are so remote, many people assume we should not be interested. But this quest to understand the world is what defines us as human beings.
Science is one of a handful of things that defines us as a very special species. It is amazing how far we have been able to get and how accurate our predictions are. I think understanding how the universe was born is very important. It really gives us a perspective on many things.
It's not about revenues: The fundamental economics in digital business is scale and margins. The top line has become the bottom line.
It's not how much something's worth today, it's what it's worth in five or 10 years.
I have this ratio that if you divide age of entrepreneur by market cap of company. For Facebook it's one. Every year of his life Zuckerberg has been making $1 billion for investors.
The largest newspaper in the United States is only reaching 1 percent of population. We are kind of assuming that 'Wall Street Journal,' 'USA Today,' and other newspapers are very important. Yes, they're extremely important, but only to 1 percent of the population on a daily basis.
I think top scientists need to be compensated at a different scale in society. Somebody with experience will tell you that true scientists are not motivated by money - they are motivated by the quest itself. That is true. But I think an additional recognition will not hurt.
Big Internet companies on average are capable of generating revenue of $1 million per employee, and that compares to 10 to 20 percent of that which is normally generated by traditional offline businesses of comparable size.
Facebook is a platform inside a platform.
Google never knew how successful key words would be. Facebook didn't know how successful Zynga would be.
There is a significant momentum behind the social Internet. A wide range of public investors were very enthusiastic about that.
Fundamental physics is like an art more or less. It's completely non-practical, and you can't use it for anything. But it's about the universe and how the world came into being. It's very remote from your daily life and mine, and yet it defines us as human beings.
Kai-Fu's Innovation Works is the top very-early-stage fund in China. We are proud to be an investor, and hope that IW will help to produce in China companies on the scale of Facebook, Zynga, or Groupon.
Facebook is at the forefront. It's the company that can fundamentally change the way information is being exchanged and processed. It can be the basis for artificial intelligence to develop over time.
I have invested in four social networks. More than any other. But that's in Russia and Poland.
I must analyze, from what I do now, what will be the impact two or three or five years in the future. What is the statement I want to make?
Facebook didn't know how successful Zynga would be.
Google never knew how successful key words would be.
Facebook now is mostly about people you know. In the future it could be about people you know less but are more important.
