The business model piece is we're always talking about competing more effectively. If you're starting a company or career you don't want to compete. You want to create a monopoly. We want to invest in a company that has a good plan to create a monopoly.

There are many more secrets in the world that are waiting to be found. The question of how many secrets exist in our world is roughly equivalent to how many startups people should start.

If you can identify a delusional popular belief, you can find what lies hidden behind it: the contrarian truth.

Most people are average. Founders are not. Founders' traits seem to have an inverse normal distribution to them.

In the most dysfunctional organizations, signaling that work is being done becomes a better strategy for career advancement than actually doing work (if this describes your company, you should quit now).

First, only invest in companies that have the potential to return the value of the entire fund.

We need more pessimism that the future might be a lot worse, and we need more optimism that the future might be better.