You also want to fire people who a) create office politics, and b) who are persistently negative.

You really want to know your cofounders for a while, ideally years.

Growth and momentum are what a startup lives on and you always have to focus on maintaining these.

You also want people who are maniacally determined and that is slightly different than having a risk tolerant attitude.

You're either not hiring at all or it's probably your single biggest block of time.

Investors will sort of like write the check and then, despite a lot of promises, don't usually do that much; sometimes they do.

Share results (financial and key metrics) with the company every month.