It's not 100 per cent clear to me what's working about Snapchat. Great, teenagers can use it to get laid all day long. I don't care. I'm 42, essentially married with a kid. I don't give a s--- about this.
There's a certain degree of speculation that goes into valuations. In so far as the market supports a valuation, everyone who gets a great one deserves it, but they should also be cautious because that speculation is temporary. I saw Yahoo go from $100 billion to $10 billion. It's not a long-term measure.
My mom started an air-freight company; my grandmother built a golf course. I have a certain degree of entrepreneurial risk-taking in my family history. Maybe that eventually rubbed off on me a little bit.
Yes, I was a big math and computer geek, that's true. I was driven by the scholastic side of things. For me, it was all about what I could do with math and computers.