Obsess about the quality of the product.

A winning team feels good and keeps winning. A team that hasn't won in a while gets demotivated and keeps losing.

Every first time founder waits too long, everyone hopes that an employee will turn around. But the right answer is to fire fast.

One of the keys to focus, and why I said cofounders that aren't friends really struggle, is that you can't be focused without good communication.

Most founders have not managed people before, and they certainly haven't managed managers.

What you want to do is innovate on your product and your business model, management structure is not where I would try and innovate.

We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.