Building product is not about having a large team to manage. It is about having a small team with the right people on it.

Skyping with your spouse works well enough, but apparently it is hard to get the kids to hang out on Skype for long.

There is a difference between hiring a CEO and turning over control of the business.

I generally blog between 5:30 A.M. and 7 A.M. I will from time to time add something during the day, but for the most part blogging is an early morning activity for me.

I'm a free speech bigot. I don't like censorship; I just don't think it's a good thing.

Customers are a great way to finance a business for many reasons. First, customer financing is typically non dilutive. They want something from you other than equity in your business. Customers also help you fit your product to the market. And customers will help debug and improve the quality of the product.

My venture investing career has three phases, all roughly 6-8 years long. The first, at Euclid, was software to Internet. The second, at Flatiron, was Internet to bubble. And the third, at USV, has been web 2 to mobile. I have always used a new firm to denote a new investment phase for me. Throw away the old. Start with the new.