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.

... fire fast when it's not working. It's better for the company, it's also better for the employee.

You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.

You want to sound crazy, but you want to actually be right.

Someday, you need to build a business that's difficult to replicate. This is an important part of a good idea.

Wait to start a startup until you come up with an idea that you feel compelled to explore.

The way you get deals done and the way you get good terms, is to have a competitive situation.