The track record for founders that don't already know each other is really bad.

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.

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

We pretty much won't fund a company now where the founders don't have vested equity because it's just that hard to do.

You never want to be in a place where an employee has vested 3 out of the 4 years of stock and they start thinking about leaving.

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

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