Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.

Great execution is at least 10 times more important and a 100 times harder than a good idea.

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

The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.

You should be able to describe any employee as an animal at what they do.

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

The startups that do well are the ones that are working all the time.