As an entrepreneur, I knew that if my company failed, I could always try again. So I often felt that the only real risk of true financial ruin came from the possibility of a serious illness that either exceeded my insurance plans lifetime limits, or was not covered due to rescission.

Using the Lean Startup approach, companies can create order not chaos by providing tools to test a vision continuously.

Most phenomenal startup teams create businesses that ultimately fail. Why? They built something that nobody wanted.

The way forward is to learn to see every startup in any industry as a grand experiment.

What differentiates the success stories from the failures is that the successful entrepreneurs had the foresight, the ability, and the tools to discover which parts of their plans were working brilliantly and which were misguided, and adapt their strategies accordingly.

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

If we do not know who the customer is, we do not know what quality is.