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

The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.

You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.

... you want to be proud of how much you can get done with a small numbers of employees.

I myself used to believe ideas didn't matter that much, but I'm very sure that's wrong now.

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.