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

... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.

You need this sort of a tailwind to make a startup successful.

As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.

Employees will only add more value over time.

AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.

A winning team feels good and keeps winning. A team that hasn't won in a while gets demotivated and keeps losing.