Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.

I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.

In the early days of a startup, people's compensation is whatever you negotiate with a founder and it's all over the place.

In general though, if you look at the track record of pivots, they don't become big companies.

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

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.

Even though plans themselves are worthless, the exercise of planning is very valuable and totally missing in most startups today.