The mistake isn't releasing something bad. The mistake is to launch it and get PR people involved. You don't want people to start amping up expectations for an early version of your product. The best entrepreneurship happens in low-stakes environments where no one is paying attention, like Mark Zuckerberg's dorm room at Harvard.

If you can’t out iterate someone who is trying to copy you, you’re toast anyway.

Learning is the essential unit of progress for startups.

There is no greater country on Earth for entrepreneurship than America. In every category, from the high-tech world of Silicon Valley, where I live, to University R&D labs, to countless Main Street small business owners, Americans are taking risks, embracing new ideas and - most importantly - creating jobs.

By the time that product is ready to be distributed widely, it will already have established customers.

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.

Most companies are busy making their products worse, not better. Updating is almost always a disaster.