Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies.

• 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.
• 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.
• 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.
• 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.
• The days when a car aficionado could repair his or her own car are long past, due primarily to the high software content.
• Ten to 20 years out, driving your car will be viewed as equivalently immoral as smoking cigarettes around other people is today.
• If you're unhappy, you should change what you're doing.
• One of the advantages of moving quickly is if you do something wrong you can change it. What technologies tend to do is they tend to make a lot of mistakes... but then we go back and aggressively attack those mistakes - and fix them. And you usually recover pretty quickly.
• 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.
• 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.