Remember that you are more likely to die because you execute badly than get crushed by a competitor.

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.

Ideas by themselves are not worth anything, only executing well is what creates value.

Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.

Founders need to figure out what the message of the company is going to be.

So if you want a culture where people work hard, & pay attention to detail, focus on the customer, are frugal: you have to do it yourself.

If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.