AirBnB happened because Brian Chesky couldn't pay his rent, but did have some space.

... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.

The best source by far for hiring is people that you already know and people that other employees in the company already know.

... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.

Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.

Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.

Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.