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

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

People that are really smart and that can learn new things can almost always find a role in the company as time goes on.

Stay focused and don't try to do too many things at once. Care about execution quality.

You also really want to take the time to think about how the market is going to evolve.You need a market that's going to be big in 10 years.

Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.

You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.