The company that creates one global social graph will be very important going forward. It will be Facebook, with maybe 2-3 local social networks able to sustain competition long term.
The problem is that modern fundamental physics is so far from you and me. The mathematics has become so much more complicated that you need at least 10 years to understand it. Fundamental physics has advanced so far from the understanding of most people that there is really a big disconnect.
I have invested in four social networks. More than any other.
I'm trying to learn from various corners of the world.
There is a significant momentum behind the social Internet. A wide range of public investors were very enthusiastic about that.
Story was that human civilization started to develop with first social network. Emerged where population concentration was high. Helped propel to where we are now. Facebook is next step of creating a huge human brain to embrace hundreds of million, possibly billions of people.
The largest newspaper in the United States is only reaching 1 percent of population. We are kind of assuming that 'Wall Street Journal,' 'USA Today,' and other newspapers are very important. Yes, they're extremely important, but only to 1 percent of the population on a daily basis.
Facebook is at the forefront. It's the company that can fundamentally change the way information is being exchanged and processed. It can be the basis for artificial intelligence to develop over time.
It is hard to think of practical applications of the black hole. Because practical applications are so remote, many people assume we should not be interested. But this quest to understand the world is what defines us as human beings.
I'm just focused on exploring new opportunities.
It's not about revenues: The fundamental economics in digital business is scale and margins. The top line has become the bottom line.
You have to travel globally today to know what's going on and maintain an edge.
I have invested in four social networks. More than any other. But that's in Russia and Poland.
I must analyze, from what I do now, what will be the impact two or three or five years in the future. What is the statement I want to make?
Science is one of a handful of things that defines us as a very special species. It is amazing how far we have been able to get and how accurate our predictions are. I think understanding how the universe was born is very important. It really gives us a perspective on many things.
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