As long as you keep doing the right thing and have the best product, you can beat the bigger company.

The tenth social network, and limited only to college students with no money, also terrible. Myspace had won.

The cost of getting an early hire wrong is really high.

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

The best founders work on things that seem small but they move really quickly. They get things done really quickly.

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

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