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

You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.

If it works out, you're going to be working on this for 10 years.

You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.

One of the keys to focus, and why I said cofounders that aren't friends really struggle, is that you can't be focused without good communication.

Employees will only add more value over time.

Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.