Customers don't care how much time something takes to build. They care only if it serves their needs.

It doesn't matter if you call it a boom or a bubble. The startup business moves in cycles, and what goes up will eventually come down.

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

The goal of every startup experiment is to discover how to build a sustainable business around that vision.

Customers don't know what they want. There's plenty of good psychology research that shows that people are not able to accurately predict how they would behave in the future. So asking them, 'Would you buy my product if it had these three features?' or 'How would you react if we changed our product this way?' is a waste of time. They don't know.

If your goal is to make money, becoming an entrepreneur is a sucker's bet. Sure, some entrepreneurs make a lot of money, but if you calculate the amount of stress-inducing work and time it takes and multiply that by the low likelihood of success and eventual payoff, it is not a great way to get rich.

Meritocracy is a good thing. Whenever possibly, people should be judged based on their work and results, not superficial qualities.