Cloud computing eliminates capital expenditure, so you can go global very quickly - you don't have to have extensive servers in every country.
The only thing... in-store retailing has that online doesn't have is it has the ability to touch, smell, feel, and experience.
All American consumers have the same needs - to buy great consumer products, with savings and value, and with the convenience of easy delivery.
As a venture capitalist, I invest in people and ideas that are fresh, vibrant, and willing to disrupt the market. As a political donor, I like to see the same energy in the people I support.
I got my first job the old-fashioned way: I took an elevator to the top floor of many buildings and walked down floor by floor on the stairs going into every firm and asking the receptionist if she knew of any jobs available.
The advent of interactive communications has created an inflection point where it's economical to provide education differently than in the past.
Every venture capitalist says at some point, 'I wish I could run this company myself' - to be the entrepreneur instead of the investor.
I didn't understand the culture and what Starbucks was really about. It wasn't a coffee shop. It was really a way of life... we suffer from thinking that since we have it in New York, or it won't work in New York, that it won't work some other place. That's a discipline we keep trying to improve.
In times of huge fiscal deficits, no new revenues can be ignored, and renouncing any becomes well nigh politically impossible.