I have absolutely no idea about space exploration. I'm a software guy. But because I'm a non-expert, I've been able to bring the software concept of modularity into the space sector, which was never done before.

Don't let expertise fool you into seeing false boundaries or underestimating those with wild dreams.

When your child comes to you at a young age and declares he or she is passionate about this or that, the natural tendency for many parents, out of love, is to simply support that decision. That's the path of least resistance, but it's not necessarily the best path, in my opinion.

As an entrepreneur, you tend to see the opportunities where others see none.

I'm very, very used to hearing no - repeatedly! - and through my experience founding startups, I've learned to view those two little letters not as a final roadblock but as a problem to be solved.

I may have managed to build a successful technology startup that had gone public by the time my three kids hit their 13th birthdays, but don't think that bought my wife and me any special respect from our teenagers.

As an entrepreneur, you only fail when you give up.

Your initial idea may or may not work, but you have to remember that a failed idea is nothing but a stepping stone to a bigger success.

Open-source encyclopedias such as Wikipedia and search engines such as Google and Bing, which people can tap into anytime and anywhere via computers and smart phones, put a world of knowledge at our fingertips at a lower cost than ever before.

In my view, the first requirement for success for an entrepreneur is to dream big. The second aspect that prevents entrepreneurs from succeeding is fear of failure.