Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.

You want to think about what is the path for my first 10 or 15 employees going to be as the company grows.

The thirteenth search engine- and without all the features of a web portal, most people thought that was pointless.

You have to be decisive. Indecisiveness is a startup killer.

For early employees you want people that have somewhat of a risk-taking attitude.

Investors will sort of like write the check and then, despite a lot of promises, don't usually do that much; sometimes they do.

It's difficult to get large groups of people, to the extreme levels of focus and productivity that you need, for a startup to be successful.