It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.

The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.

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

Cofounder relationships are among the most important in the entire company.

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

The way you get deals done and the way you get good terms, is to have a competitive situation.

You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.