Ideas by themselves are not worth anything, only executing well is what creates value.

You're either not hiring at all or it's probably your single biggest block of time.

Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.

We pretty much won't fund a company now where the founders don't have vested equity because it's just that hard to do.

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.

In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.

The idea should come first, the startup should come second.