Really dig into projects people have worked on and call references; that is another thing that first time founders like to skip.

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

Execution gets divided into two key questions: 1) can you figure out what to do and 2) can you get it done.

Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed

Stay focused and don't try to do too many things at once. Care about execution quality.

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

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