So you should always stay on top of people's vesting schedules.

The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.

The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.

In the beginning of a company, there is no management and this actually works really well.

AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.

I care much more about the growth rate of the market than it's current size and I also care if there's any reason it's going to top out.

Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster