Great video, good insights from some of the veterans of the startup and venture world. For someone oceans away its great to still get the information and the advice that goes around in silicon valley.
About the video, i sometimes got the feeling that Micheal was cutting Paul of at times, at times it was annoying when paul was about to say something related to earlier stage startups and micheal would just cut it off.
When this happens its sometimes interesting to see the facial expressions of the person getting cut off but the quality of the video wasnt good enough to make out anything noticable =P that or paul did a good job of hiding it :)