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

The second part of how to hire: try not to.

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.

You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.

What you want to do is innovate on your product and your business model, management structure is not where I would try and innovate.

Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.

You think you have this great idea that everyone's going to come join, but that's not how it works.