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.

The only way to win is to learn faster than anyone else.

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.

Innovation is a bottoms-up, decentralized, and unpredictable thing, but that doesn’t mean it cannot be managed.

The attributes for entrepreneurs cut both ways. You need the ability to ignore inconvenient facts and see the world as it should be and not as it is. This inspires people to take huge leaps of faith. But this blindness to facts can be a liability, too. The characteristics that help entrepreneurs succeed can also lead to their failure.

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

The hardest part is the grueling work of constantly being wrong.