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

I was an executive running a pretty substantial group before becoming CEO, and I had no idea what it was like. When something goes wrong, people say, 'It's all your fault.' Your reaction is, 'It's not my fault.' But what do you mean? I was the founder, I hired everybody in the company, I was managing it.

The key to high-quality communication is trust, and its hard to trust somebody that you dont know.

Planning is valuable, tho the plan is usually useless.

I emphasize to C.E.O.s, you have to have a story in the minds of the employees. It's hard to memorize objectives, but it's easy to remember a story.

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

You're better off being The Beatles than The Monkees, as a startup.