You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.

It's better to have no cofounder than to have a bad cofounder, but it's still bad to be a solo founder.

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

Someday, you need to build a business that's difficult to replicate. This is an important part of a good idea.

You want an idea that not many other people are working on, and it's okay if it doesn't sound big at first.

Great execution towards a terrible idea will get you nowhere.

Experience matters for some roles and not others.