What you want to do is innovate on your product and your business model, management structure is not where I would try and innovate.

So always keep momentum, it's this prime directive for managing a startup.

You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.

The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.

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

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.

There's at least a hundred times more people with great ideas than people that are willing to put in the effort to execute them well.