My brother is one of my true heroes. Steady and sober where I am impulsive and emotional.

Newspapers with declining circulations can complain all they want about their readers and even say they have no taste. But you will still go out of business over time. A newspaper is not a public trust - it has a business model that either works or it doesn't.

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.

I enjoy not being a public company.

If you're the village blacksmith and a model T comes along, you better become a mechanic. People's lives are better when they get news online versus having to wait for the morning paper. It's a lot more efficient, a lot more real time, a lot less waste.

I've been an entrepreneur three times. I started three companies.

You know, magic markets don't appear all the time, so you take advantage of them.

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.

Where I grew up, we had the three TV networks, maybe two radio stations, no cable TV. We still had a long-distance party line in our neighborhood, so you could listen to all your neighbors' phone calls. We had a very small public library, and the nearest bookstore was an hour away.

I have yet to take capital losses on any company. Then again, it's still early.

It's hard to do that with people who think emotionally. A lot of people think in terms of people, emotions, and feelings. That's more complicated. Engineering mentality makes it, in theory, a little easier.

There is a constant need for new systems and new software.

There will be certain points of time when everything collides together and reaches critical mass around a new concept or a new thing that ends up being hugely relevant to a high percentage of people or businesses. But it's really really hard to predict those. I don't believe anyone can.

If you're unhappy, you should change what you're doing.

I don't waste time being depressed.

I've been a customer of the top venture capital firms, so I know exactly what they do and don't do.

If we're in a bubble, it's the weirdest bubble I've ever seen, where everybody hates everything.

I don't think objectively we are in a tech bubble when tech stocks are at a 30 year low.

I'm quite bullish. We're coming up on year 15 of a flat stock market. Historically that's a pretty good sign. So I'm not a hedge-fund manager but if I was I think I'd be feeling pretty good.

We have never lived in a time with the opportunity to put a computer in the pocket of 5 billion people.

Practically everyone is going to have a general purpose computer in their pocket, it's so easy to underestimate that, that has got to be the really, really big one.

Tech stocks are trading at a 30-year-low when compared to the multiples of industrials (companies). It's the weirdest bubble when everyone hates everything.

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.

Over two billion people now use the broadband Internet, up from perhaps 50 million a decade ago, when I was at Netscape, the company I co-founded.