An understanding that kindness is the answer.

A strong work ethic and enough wealth not to need it.

Shortly after my terminal diagnosis, I knew that one of my biggest priorities was to create memories for my children. Chloe and Logan are both so young that it's likely they'll have no direct memories of me. Dylan is the oldest, and at 5 (turns 6 in December), his memories are likely to be fuzzy. Hence the engineering question: What would make for the sharpest, most visceral memory, esp. for a kid who loves animals? Answer: go for a Dolphin Swim!

Exactly what my parents left me: the knowledge of the difference between good and bad and right and wrong. Everything else is entirely up to them.

Yeah, anybody asks me about it, my advice was always, do not do it. In fact, it still is. Somebody just asked me last week, I was like, do not do it.

Do you have a big visionary master plan for how the world will work in twenty years? Do you have massive ambitions to revolutionize your industry? Don’t feel bad if you don’t. I never did. A year and a half after starting CD Baby, it was just me and John, my first employee, running it out of my house. One night, I decided I should think more about the long-term future of this thing. I sat with my diary for a few hours of introspection. Afterwards, I wrote John an email that went like this: “I think there’s a chance that this thing might be huge one day, so we better start preparing for that now. I mean some day, we might have a thousand artists. We might need a third employee! We’d need three computers, and need to figure out how to network them together. We might even need to start moving CDs into the garage, since eventually they might fill up the living room. Yes, I know it sounds grandiose, but I think things are headed that way.” Years later, after I had 100,000 artists and 85 employees, John would often get a good laugh out of this letter I sent him in 1999. Journalists would ask, “What’s your long-term goal?” I’d say, “I don’t have one. I surpassed my goals long ago. I’m just trying to help musicians with whatever they need today.” So please don’t think you need a huge vision. Just stay focused on helping people today.

My mentor heard it and said, “Derek, you’re just not a singer. You really need to stop trying. Admit you’re a songwriter, and find a real singer.”

When deciding whether to do something, if you feel anything less than “Wow! That would be amazing! Absolutely! Hell yeah!” — then say no.

And this is my only pair of pants. These three glasses, I don’t even think about it because I just think about having enough.

When I decided to sell my company, I already had enough. I live simply. I don't own a house, a car, or even a TV. The less I own, the happier I am. The lack of stuff gives me the priceless freedom to live anywhere anytime. So I didn't need or even want the money from the sale of the company. I just wanted to make sure I had enough for a simple comfortable life.