Better to have bad news that's true than good news we made up

A solid process lays the foundation for a healthy culture, one where ideas are evaluated by merit and not by job title.

At IMVU, we opened up our board meetings to the whole company.

Except in very narrow cases, where there's breakthrough science that needs patent production, worrying about competitors is a waste of time. If you can't out iterate someone who is trying to copy you, you're toast anyway.

Progress in manufacturing is measured by the production of high quality goods. The unit of progress for Lean Startups is validated learning-a rigorous method for demonstrating progress when one is embedded in the soil of extreme uncertainty.

We need to reengineer companies to focus on figuring out who the customer is, what's the market and what kind of product you should build.

When Steve Jobs and Steve Wozniak created Apple computer in a garage in Palo Alto, it heralded the beginning of the PC revolution that ultimately dealt a death-blow to dozens of older companies.