Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.

Every company has a rocky beginning.

We've seen a lot of data at YC now, and the most successful companies and the ones where the investors do the best... end up giving a lot of stock out to employees- year after year after year.

One thing that founders always underestimate is how hard it is to recruit.

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

You want to think about what is the path for my first 10 or 15 employees going to be as the company grows.

You don't get to make their decisions but you do get to choose the decision makers.