The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.

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

In the beginning of a company, there is no management and this actually works really well.

You want an idea that turns into a monopoly. But you can't get a monopoly, in a big market right away; too much competition for that.

Great execution is at least 10 times more important and a 100 times harder than a good idea.

Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster

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