It's good to recognize that this [COVID-19] is a wildly different time. Only super crazy people think that two months from now, it'll be back to where it was in January 2020. That's the insane point of view.

Mandating a shelter-in-place [in response to COVID-19] doesn't really help you very much unless you also close the borders.

Learning frugality is a good and smart thing to do. This is one of the things that we in Silicon Valley get a little too lazy at because there's so much available capital.