Most founders have not managed people before, and they certainly haven't managed managers.

Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.

In addition to relentlessly resourceful, you want a tough and a calm cofounder.

You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.

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

Even though plans themselves are worthless, the exercise of planning is very valuable and totally missing in most startups today.

Most things are not as risky as they seem.