How to Build a Twelfth Dollar Business

Do VCs have to be worried about startups now going direct to sovereign wealth? Is that becoming an obvious form of capital now? I don't see the big sovereigns writing $1 million checks, $10 million checks. It really depends on what you're building. If you're building to be acquired, you're probably well suited towards a more venture-style investment. But with Microsoft, the key was a line-around mission. They wanted to do transform the world. So we want to have it in sight. We want to have an iconic, but we also want to have a QIA.