On the back end, software programming tools and Internet-based services make it easy to launch new global software-powered start-ups in many industries - without the need to invest in new infrastructure and train new employees.
I would say the consumer Internet companies - in a lot of ways, if you go inside the consumer Internet companies and you see how they run, it's how all their businesses are going to run.
The Internet has always been, and always will be, a magic box.
A lot of things you want to do as part of daily life can now be done over the Internet.
Internet sites themselves are becoming incredibly sophisticated and complex, and every company is under intense pressure to move as fast as possible to address increasing competitive challenges,
I think it's all really positive for the industry. It will force the industry to make the changes that are required to make the Internet viable in the long run.