One of the most crucial skills any successful entrepreneur can possess is the ability to know when their baby project is ugly. If you don't know that your baby project is ugly, you will waste a lot of resources pursuing it, rather than moving onto a new project. It's like quicksand for an entrepreneur. Avoid at all costs.

A couple weeks ago, I found another security vulnerability that impacted 1-1.5 million Twitter accounts.

I'm extremely passionate about creating and building new things, so I started a few side projects in early December. A side project, to me, is something that requires less than full time effort on my part but serves a purpose and has high impact in some way. It usually leads to new ideas, crystallizes new theories, and creates new serendipitous connections.

Announcing my involvement with OnSwipe! When Jason Baptiste first told me about the concept, and then passed me his iPad with a demo, I knew I had to be a part of it. I'm honored to have been the first person to commit and invest. This company will be making waves -- stay tuned!

When Patrón launched a site called the Patrón Social Club last year, I signed up and have been following their progress. This year, they launched an interesting concept called Patrón Secret Dining Society. Now, it isn't some snobby club with obnoxious membership dues -- in fact, it's free -- but it is definitely exclusive. I was lucky to take part and see first first-hand on how Patrón is trying to build an online community.

Arthur Singer and Shawn Fanning planned the event.  It was held at Shawn’s penthouse in the Marina Bay, overlooking the Bay Bridge.