We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.

You really want to know your cofounders for a while, ideally years.

Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster

These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.

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

Most things are not as risky as they seem.

There are 3 things I look for when I hire people. Are they smart? Do they get things done? Do I want to spend a lot of time around them?