... and you can only have 2 or 3 things everyday, because everything else will just come at you; you know fires in a day.

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.

... how much time you should be spending on hiring? The answer is 0 or 25 percent.

Before 20 or 25 employees, most companies are structured with everyone reporting to the founder. It's totally flat.

Ideas by themselves are not worth anything, only executing well is what creates value.

In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.

So always keep momentum, it's this prime directive for managing a startup.