Best piece of advice you received? -- "It's the people, stupid." Everyone ignores it, he ignored it too at first. It's the same advice anyone who's been in business for a long time will give you.
What advice do you give entrepreneurs? -- Find a great partner no matter what you do. Qualities to look for: high intelligence AND high energy AND high integrity. Every one of these is important.
How important is it to be in Silicon Valley? -- A: It's more important than people outside the Silicon Valley really realize. He learned this the hard way: he started out in Boston. Networking. The atmosphere -- "It's in the air, it's in the water". If you're doing a consumer web business, it's winner-takes-all. No place for second Facebook, no place for second Twitter, so you need every advantage you can get.
What do you look for in an entrepreneur? -- You're not evaluating the product as much as the person presenting it, what are they capable of. "Show don't tell." Separating talkers from doers.
How to get a meeting with an investor? -- Sorry, didn't watch, it's irrelevant to me.
Whether you should be public or private with your idea? -- Again, didn't watch, it's irrelevant to me.