Note to self: It’s a good idea to ask, “What am I not doing?

One of the great things about building a tech company is the amazing people that you can hire.

Yeah, I became a successful entrepreneur... Eventually

Volatility and length, that's the value on an option. 10 years on a startup stock, that's a big valuable thing.

Groupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment.

Every time you make the hard, correct decision you become a bit more courageous, and every time you make the easy, wrong decision you become a bit more cowardly. If you are CEO, these choices will lead to a courageous or cowardly company.

The thing that's confusing for investors is that founders don't know how to be CEO. I didn't know how to do the job when I was a CEO. Founder CEOs don't know how to be CEOs, but it doesn't mean they can't learn. The question is... can the founder learn that job and can they tolerate all mistakes they will make doing it?