I actually don't invest in anything that is social, mobile, deals or ad networks simply because those are areas where there are so many players and so many other smart people in the space, I feel like I don't have a competitive advantage. So I tend to go after things that are e-commerce, like healthcare.
No nation has embraced Total Quality Management, e-commerce and e-government with greater enthusiasm than Dubai. Such innovations have given Dubai a competitive edge and an accelerated growth rate that few could match.
Marc Lore has been a mentor of mine for a long time. He taught me how to hire people and how to do the hardest thing in business, which is to make a great culture. I believe Marc is the most innovative and ambitious e-commerce entrepreneur on the planet.
Through e-commerce, women have found a means to jump over cultural and traditional lack of available time for remunerated activities.
Technology evolves continuously with solutions getting richer. For example, many of the earlier e-commerce ventures failed because of weak technology infrastructure.
Moda Operandi will change the face of luxury e-commerce by directly connecting brands with the most discerning shoppers around the world.
And it's interesting, when you look at the predictions made during the peak of the boom in the 1990s, about e-commerce, or internet traffic, or broadband adoption, or internet advertising, they were all right - they were just wrong in time.