The way to have a company that executes well is you have to execute well yourself.

People that are really smart and that can learn new things can almost always find a role in the company as time goes on.

You need to have a culture where people have very high quality standards in everything the company does, but still move quickly.

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

Losing focus is another way that founders get off track.

You need this sort of a tailwind to make a startup successful.

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