You cannot create a market that doesn't want to exist.
The track record for founders that don't already know each other is really bad.
You never want to be in a place where an employee has vested 3 out of the 4 years of stock and they start thinking about leaving.
You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
Investors will sort of like write the check and then, despite a lot of promises, don't usually do that much; sometimes they do.
The second part of how to hire: try not to.
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
If you ever take your foot off the gas pedal, things will spiral out of control, snowball downwards.
Growth solves (nearly) all problems
Every company has a rocky beginning.
You need to have a culture where people have very high quality standards in everything the company does, but still move quickly.
You want to think about what is the path for my first 10 or 15 employees going to be as the company grows.
You have to find a small market in which you can get a monopoly and then quickly expand.
It's better to have a few users love your product than for a lot of users to sort of like it.
Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
Before product/market fit, your only job that matters is to build a great product.
The idea should come first, the startup should come second.
Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
The thirteenth search engine- and without all the features of a web portal, most people thought that was pointless.
Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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