The only thing that prepares you to run a company is running a company.

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

It turns out that is exactly what product strategy is all about—figuring out the right product is the innovator’s job, not the customer’s job.

In life, everybody faces choices between doing what's popular, easy, and wrong vs. doing what's lonely, difficult, and right. These decisions intensify when you run a company, because the consequences get magnified 1,000 fold. As in life, the excuses for CEOs making the wrong choice are always plentiful.

You know what the difference between a vision and a hallucination is? They call it a vision when other people can see it.

If you manage a team of 10 people, its quite possible to do so with very few mistakes or bad behaviors. If you manage an organization of 1,000 people it is quite impossible. At a certain size, your company will do things that are so bad that you never imagined that youd be associated with that kind of incompetence.

It's hard in daily life. It's even harder in management because it's the stress of the moment.