... how much time you should be spending on hiring? The answer is 0 or 25 percent.

Losing focus is another way that founders get off track.

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.

Wait to start a startup until you come up with an idea that you feel compelled to explore.

Developing a personal connection with anyone you're trying to do a big deal with is really important.

Experience matters for some roles and not others.

As long as you keep doing the right thing and have the best product, you can beat the bigger company.