If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.

Good startups usually take 10 years.

The second part of how to hire: try not to.

A winning team feels good and keeps winning. A team that hasn't won in a while gets demotivated and keeps losing.

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

You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.

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