TV and the press have always functioned according to the same sets of rules and technical standards. But the Internet is based on software. And anybody can write a new piece of software on the Internet that years later a billion people are using.
Tech stocks are trading at a 30-year-low when compared to the multiples of industrials (companies). Its the weirdest bubble when everyone hates everything.
I am bullish on the global development. I am bullish on billions of people getting out of poverty.
In the next 10 years, I expect at least five billion people worldwide to own smartphones, giving every individual with such a phone instant access to the full power of the Internet, every moment of every day.
In 2000, when my partner Ben Horowitz was CEO of the first cloud computing company, Loudcloud, the cost of a customer running a basic Internet application was approximately $150,000 a month.
If we're in a bubble, it's the weirdest bubble I've ever seen, where everybody hates everything.
It was a joke, okay? If we thought it would actually be used, we wouldn't have written it!
Any new technology tends to go through a 25-year adoption cycle.
I've been a customer of the top venture capital firms, so I know exactly what they do and don't do.
People are so bad at driving cars that computers don't have to be that good to be much better. Any time you stand in line at the D.M.V. and look around, you're like, 'Oh, my God, I wish all these people were replaced by computer drivers.'
Nokia and Research in Motion needed a modern operating system. They could have bought Palm or Android before Google did, but they didn't. Today, it's probably too late, and at the time they would have been criticized for overpaying, but as they say - shift happens.
The transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.
When I talk to entrepreneurs today, I feel like the grandfather who was in the Civil War.
Working for a big company is, I believe, much risker than it looks.
I know where I'm putting my money.
Once you understand that everybody's going to get connected, a lot of things follow from that. If everybody gets the Internet, they end up with a browser, so they look at web pages - but they can also leave comments, create web pages. They can even host their own server! So not only is everybody consuming, they can also produce.
So I came from an environment where I was starved for information, starved for connection.
I think 2012 is the year when consumers all around the world start saying no to feature phones and start saying yes to smartphones.
I enjoy not being a public company.
I think that every technology company that's more than 20 years old will break up
There was a point in the late '90s where all the graduating M.B.A.'s wanted to start companies in Silicon Valley, and for the most part they were not actually qualified to do it.
I don't think objectively we are in a tech bubble when tech stocks are at a 30 year low.
There's a new generation of entrepreneurs in the Valley who have arrived since 2000, after the dotcom bust. They're completely fearless.
Only two people have been on the cover of Time Magazine in bare feet. I'm one, the other is Gandhi.
I always had the old-school model that I'm going to work for as long as I'm relevant and focus on for-profit activities and someday when I retire I'm going to learn about philanthropy.
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