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

The most important thing is that there is clear reporting structure and everyone knows what it is.

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.

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

If you want something in a deal, just ask for it.

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

Every thing at a startup gets modeled after the founders. Whatever the founders do becomes the culture.