If you have managers reporting to managers in a startup, you will fail.

Know your core competencies and focus on being great at them. Pay up for people in your core competencies. Get the best. Outside the core competencies, hire people that fit your culture but are cheap.

Sales is the most important aspect of a company, which in turn is about how well you treat your customer and stay ahead of your customer's requirements.

If you have managers reporting to managers in a startup, you will fail.

I learned how to become wealthy because I asked the right questions when I was broke.

One of the biggest mistakes entrepreneurs make is that we lie to ourselves. We don't step back and look at ourselves like a competitor would.

When I got to the Mavericks people were all giving me advice - change this, change that - and one thing that I didn't do was fire anybody.