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

You want an idea about what you can say. I know it sounds like a bad idea but here's specifically why its actually a great one. You want to sound crazy but you want to ask to be right.

In YC's case, the number one cause of early death for startups is cofounder blowups.

For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.

Startups are very hard no matter what you do; you may as well go after a big opportunity.

A lot of people treat choosing their cofounder with even less importance than they put on hiring. Don't do this.

You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.