In order to protect against being disrupted, startups also need to recruit employees that are committed to life-long learning. The skills that made your team members valuable may not be the skills needed to take your company to the next level or to compete in emerging markets.

New ideas for innovation grow out of the minds of each new generation. Having an institution of higher learning that can help young people put those ideas into action is critical.

Just as the music industry couldn't combat the financial impact of digital piracy, major corporations will have to rethink how to maintain margins when many of their most profitable items can be easily manufactured at home.

Your innovation can create new winners and losers; or at the very least, make existing companies look fresh and innovative by partnering with you. Everyone wants to align with market makers.

To my mind, the best investment a young man starting out in business can possibly make is to give all his time, all his energies, to work - just plain, hard work.

I use Facebook, but I find that I'm... if I put up a picture of my dog there or a sunset or something, I get a million hits. If I mention anything to do with my career, three people respond. And/or if I say anything political, I have to duck afterwards. I try to be selective.

I didn't have any extra money. But I can't say that I had a hard early career.

There certainly are people who are a pain to work with. I'd be crazy to name them. You can't be indiscreet in this business.