To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.

Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.

Two other things that we hear again and again from our founders, they wish they had done earlier, and that is... simply writing down how you do things and why you do things.

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

So you should always stay on top of people's vesting schedules.

To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.

You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.