You should be giving out a lot of equity to your employees.

One of the pieces of advice that we give at YC is: try to work together on a project rather than just doing an interview.

The track record for founders that don't already know each other is really bad.

More important than starting any startup, is getting to know a lot of potential co-founders.

You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.

In general, it's best if you're building something that you yourself need.

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