You don't need anyone's approval and in fact, you probably won't get it, so don't even try. Build, release and iterate. Make a list of the features you want to create over the next six months and get going! For small companies, once a week; for larger companies, maybe twice a month.
Kevin RoseI don't do a ton of deals a year, and I really like working with startups - it's the only way I can invest. It fits my ADD brain.
Kevin Rose