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

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.

One thing that founders always underestimate is how hard it is to recruit.

Every first time founder waits too long, everyone hopes that an employee will turn around. But the right answer is to fire fast.

One thing that founders forget is that after they hire employees, they have to retain them.

You can basically change everything in a startup but the market.

In general though, if you look at the track record of pivots, they don't become big companies.