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

Someday, you need to build a business that's difficult to replicate. This is an important part of a good idea.

Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.

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

I prefer to invest in a company that's going after a small but rapidly growing market than a big but slow growing one.

Every thing at a startup gets modeled after the founders. Whatever the founders do becomes the culture.

What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.