Quotes from Niklas Zennstrom

Then people started using it more and more and it became the most downloaded software on the internet.

You have 1 billion people using the Internet with 200 million of those now using broadband internet connections, so the Internet has become a powerful network. It can carry calls.

The Chinese market is very, very unique.

I try not to dwell on big mistakes but to move on when I make a mistake. I make mistakes most of the times and that's part of the risk profile being an entrepreneur. I guess one big mistake I did was not to start my own company earlier. I spent nine years working for others before starting Kazaa in 2000.

When radio stations started playing music the record companies started suing radio stations. They thought now that people could listen to music for free, who would want to buy a record in a record shop? But I think we all agree that radio stations are good stuff.

What we are doing is taking advantage of the broadband Internet to provide basically unlimited free calls to anyone at a higher voice quality than they can with the phone lines.

They also can combine voice with instant messaging and online file sharing.

The thing about the Internet is the openness. People can link to each other themselves.

In fact, we just surpassed our first 1 million simultaneous users online.

If you could utilize the resources of the end users' computers, you could do things much more efficiently.

The next Google or Facebook will come from somewhere other than Silicon Valley.

Silicon Valley is the best place to start a tech company in so many ways.

Today as an entrepreneur you have more options.

When a business becomes successful seemingly overnight, no one knows about all the months and years you've invested, all the projects you've tried before that didn't work.

As an investor, what we're not looking for is 'oh this is a cool app,' it's 'is this something that can become a big business?' You need to find those that can become real businesses.

Video is moving online in a big way. It's proven to be a challenging market for some companies that start out as a pure Internet company such as Joost.

Another differentiator is that Skype is free and simple to set up, and it costs us virtually nothing for a new user to join the Skype network, which is why we can offer the service for free.

And the VCR did the same thing: the movie industry thought nobody would ever watch movies any more.

If you could utilize the resources of the end users' computers, you could do things much more efficiently.

If you want to be an entrepreneur, it's not a job, it's a lifestyle. It defines you. Forget about vacations, about going home at 6 pm - last thing at night you'll send emails, first thing in the morning you'll read emails, and you'll wake up in the middle of the night. But it's hugely rewarding as you're fulfilling something for yourself.

With our work at Kazaa, we began seeing growing broadband connections and more powerful computers and more streaming multimedia, and we saw that the traditional way of communicating by phone no longer made a lot of sense.

As an investor, what we're not looking for is 'oh this is a cool app ' it's 'is this something that can become a big business?' You need to find those that can become real businesses.

You shouldn't be afraid of failure - when something fails, you think, 'What did I learn from that experience? I can do better next time.' Then kill that project and move on to the next. Don't get disappointed.

I hope that my investment into Atomico will become my best financial investment to date.