We don't celebrate failure in Silicon Valley. We celebrate learning

I think the randomness by Donald Trump's governing, by tweeting, sloganeering, attacking, will create great chaos in the entire market. I think people will have difficulties in predicting the future. I think capital will recede.

The first set of questions to ask yourself when you're doing cost cutting is relatively straightforward, which is, you know, can you use the necessity of cost cutting as an opportunity to do pruning or trimming for projects that aren't being as successful? But, you know, frequently those are the easy ones. I mean, there's always some kind of social costs internal to the company, but that's the easy way of looking at the future.

Be persistent, and hang on to your vision. And at the same time, be flexible.

Good ideas need good strategy to realize their potential.

Make sure a certain percentage of the people that you're hiring are generalists so that you can be, kind of reconfigured in the workforce pretty easily.

What great founders do is seek the networks that will be essential to their task... Usually it's best to have two or three people on a team rather than a solo founder.