It's pretty shocking that the guys in Europe who cover traditional media will cover Google, whereas in the U.S., there are five different equity analysts that will cover the internet universe.

The next Google is more likely going to come from outside the U.S. Whether it's in Europe, I am not sure. A lot of things have to change.

Marc understands the Internet ecosystem better than anyone I know.

The Internet is beginning a new chapter. Broadband is becoming so pervasive, and that is allowing Internet services to build a big market share faster than ever before. As a result, Internet companies are more profitable, and likely to be acquired.

Distracted from distraction by distraction

To be an entrepreneur in Europe, there is a stigma attached to it. There's a reason why England is known as a nation of shopkeepers. Part of it is the idea that it's better to have a shop and keep it up and running than close the doors and try to do something much more significant.