So always keep momentum, it's this prime directive for managing a startup.

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

... We probably funded a rate of something like one out of ten solo teams.

Just put a little pin in your mind: when you cross 50 employees, there are a new set of HR rules that you have to comply with.

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 often disrupts momentum and really shouldn't is competitors.

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