Central planning didn't work for Stalin or Mao, and it won't work for an entrepreneur either.

For the first time we're allowing developers who don't work at Facebook to develop applications just as if they were. That's a big deal because it means that all developers have a new way of doing business if they choose to take advantage of it. There are whole companies that are forming whose only product is a Facebook Platform application.

AI is real and will change every industry. We are living in a golden age, and there is reason to be optimistic. There has never been a better time to be an entrepreneur and start a start-up.

Starting a business is not for everyone. Starting a business - I'd say, number one is have a high pain threshold.

I experienced, along with the rest of the team, what it was like to go from being a Cinderella story with a great entrepreneur in Sam Walton to being large and disliked just because you're large, and all of the negatives that went with it. So I personally don't use the word "scale" very much because when I hear that word I think of pain.

I'm convinced that about half of what separates successful entrepreneurs from the non-successful ones is pure perseverance.