Remember that the idea will expand, and become more ambitious as you go.

The best people know that they should join a rocketship.

The natural state of a start-up is to die; most start-ups require multiple miracles in their early days to escape this fate.

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

At YC we have this public phrase, and it's relentlessly resourceful.

People that are really smart and that can learn new things can almost always find a role in the company as time goes on.

Even though plans themselves are worthless, the exercise of planning is very valuable and totally missing in most startups today.