You need to have a culture where people have very high quality standards in everything the company does, but still move quickly.

You should be giving out a lot of equity to your employees.

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

You can basically change everything in a startup but the market.

Every thing at a startup gets modeled after the founders. Whatever the founders do becomes the culture.

No matter what you choose, build stuff and be around smart people.

In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.