The tenth social network, and limited only to college students with no money, also terrible. Myspace had won.

You can have a startup and one other thing, you can have a family, but you probably can't have many other things.

Most great companies in tech have been built by personal referrals for the first...at least 100 employees and often many more.

In the beginning of a company, there is no management and this actually works really well.

You can't be focussed without really great communication

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

Keep salaries low and equity high. Keep the organization as flat as you can.