... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.

The track record for founders that don't already know each other is really bad.

... how much time you should be spending on hiring? The answer is 0 or 25 percent.

Another way of looking at this, is that the best companies are almost always mission oriented.

By the way, that's my number one piece of advice if you're going to join a startup: pick a rocket ship.

... and you can only have 2 or 3 things everyday, because everything else will just come at you; you know fires in a day.

Just put a little pin in your mind: when you cross 50 employees, there are a new set of HR rules that you have to comply with.