As you grow, the productivity I think, goes down with the square of the number of employees if you don't make an effort.

I myself used to believe ideas didn't matter that much, but I'm very sure that's wrong now.

AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.

If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.

If you want something in a deal, just ask for it.

We pretty much won't fund a company now where the founders don't have vested equity because it's just that hard to do.

Be suspicious of any work that is not building product or getting customers.