An important kind of social network will be one where no bots whatsoever are allowed. - Balaji Srinivasan

The lesson of deals is that if you have two, you have one. And if you have one, you have zero.

In other words: the second bidder sets the price and ensures the deal goes through. If you only have one bidder, the price floor is zero. And the deal may not get done at all.

The man who wants to be CEO, because he gets to be important, should not be CEO.

The man who does not want to be CEO, because he gets the importance, should be CEO.

You can do technology without building capital (eg open source).

You can do capitalism without advancing technology (eg small business).