“Perhaps the single most dramatic example of this phenomenon of software eating a traditional business is the suicide of Borders and corresponding rise of Amazon.”
Business“And once you get instantaneous communication with everybody, you have economic activity that's far more advanced, far more liquid, far more distributed than ever before.”
Communication“Perhaps the single most dramatic example of this phenomenon of software eating a traditional business is the suicide of Borders and corresponding rise of Amazon.”
Business“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.”
Computers“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.”
Business“I need more raw experience. I've read and watched a lot of things, but I haven't done a lot of things.”
Experience“Today's leading real-world retailer, Wal-Mart, uses software to power its logistics and distribution capabilities, which it has used to crush its competition.”
Power“I love what the Valley does. I love company building. I love startups. I love technology companies. I love new technology. I love this process of invention. Being able to participate in that as a founder and a product creator, or as an investor or a board member, I just find that hugely satisfying.”
Technology“You are cruising along, and then technology changes. You have to adapt.”
Technology“Google is working on self-driving cars, and they seem to work. People are so bad at driving cars that computers don't have to be that good to be much better.”
Computers“There is an enormous market demand for information. It just has to be fulfilled in a way that fits with the technology of our times.”
Technology“Ten to 20 years out, driving your car will be viewed as equivalently immoral as smoking cigarettes around other people is today.”
Car“An awful lot of successful technology companies ended up being in a slightly different market than they started out in.”
Technology“Our combination of great research universities, a pro-risk business culture, deep pools of innovation-seeking equity capital and reliable business and contract law is unprecedented and unparalleled in the world.”
Business“Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies.”
Technology“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.”
Morning“Technology is like water it wants to find its level. So if you hook up your computer to a billion other computers, it just makes sense that a tremendous share of the resources you want to use - not only text or media but processing power too - will be located remotely.”
Computers“When I started Netscape I was brand new out of college and all the aspects of building a business, like balance sheets and hiring people, were new to me.”
Business“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.”
Power“Around '93, '94, the conventional wisdom about the Internet was that it was a toy for academics and researchers. So it was very, very underestimated for about two years.”
Wisdom“Health care and education, in my view, are next up for fundamental software-based transformation.”
Education“And once you get instantaneous communication with everybody, you have economic activity that's far more advanced, far more liquid, far more distributed than ever before.”
Communication