If I had to give one piece of advice to a budding entrepreneur, I would say: 'Aim big.'

Many venture capitalists say they're looking for the next big idea. But they aren't, really; they're looking for something derivative, because derivative is safe.

If I had to give one piece of advice to incoming college freshmen, I'd say always be true to yourself.

Education has always produced an incredible amount of data; that's always been obvious to me. But technology had to catch up.

Stop pretending there's anything wrong with businesspeople hiring diligent laborers who will work for less. Let employers sponsor any worker and argue for why that worker should be given citizenship. Such a vetting mechanism would naturally promote the best and hardest-working.

If your business had no risk, you could go get a bank loan and call it a day. VCs like risks - without them, venture capital wouldn't exist. But they need to be risks that VCs are good at assessing and managing.