I'm always afraid of failing. It's great motivation to work harder.

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

If I can do it, you can do it.

It would have been easy to judge effort by how many hours a day passed while I was at work. That's the worst way to measure effort. Effort is measured by setting goals and getting results.

There is very little knowledge that can't be obtained through effort. With knowledge you can determine the state of any business or opportunity and find a course to gain an advantage.

In my opinion, right now there's way too much hype on the technologies and not enough attention to the real businesses behind them.

Know your stuff. Have an angle. Know how to grow business, how to develop products, have patents and an undeveloped market that could be huge.