As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.

Growth and momentum are what a startup lives on and you always have to focus on maintaining these.

Really dig into projects people have worked on and call references; that is another thing that first time founders like to skip.

The best source by far for hiring is people that you already know and people that other employees in the company already know.

In addition to relentlessly resourceful, you want a tough and a calm cofounder.

A winning team feels good and keeps winning. A team that hasn't won in a while gets demotivated and keeps losing.

You also really want to take the time to think about how the market is going to evolve.You need a market that's going to be big in 10 years.