The extreme difficulty of scaling production of new technology is not well understood. It's 1000% to 10,000% harder than making a few prototypes. The machine that makes the machine is vastly harder than the machine itself.

Startups are the engines of exponential growth, manifesting the power of innovation. Several big companies today are startups of yesterday. They were born with a spirit of enterprise and adventure kept alive due to hardwork and perseverance and today have become shining beacons of innovation.

The best way to create value in the 21st century is to connect Creativity with Technology.

You've got to start with the customer experience and work back toward the technology - not the other way around.

I think I have a pretty deep understanding of what Money actually is on a practical day to day basis because of paypal. right now, the money system for practical purposes is really a bunch of heterogeneous mainframes running old COBOL.

People often mistake technology for a static picture. It's less like a picture and more like a movie. It's the velocity of technology innovation that matters. It's the acceleration.