You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.

Most great companies in tech have been built by personal referrals for the first...at least 100 employees and often many more.

You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.

Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.

In YC experience, 2 or 3 co-founders seems to be about perfect.

It takes years and years, usually a decade, to create a great startup.

Ideas by themselves are not worth anything, only executing well is what creates value.