In general don't start a startup you're not willing to work on for ten years.

Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.

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

You think you have this great idea that everyone's going to come join, but that's not how it works.

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.

We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.

You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.