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1999 - $5M to launch a product, 30M serious computer users. 2014 - $5K to launch, 3B serious phone users. Leverage / $ is up 100,000x.
Startups don't die when they run out of cash, they die when the founders run out of energy.
VCs: "Too many angels!" | Angels: "Too many incubators!" | Incubators: "Too many companies!" | Entrepreneurs: "Too little of Everything."
Driving is the new handwriting.
Three things in life - your health, your mission, and the people you love. That's it.
If the value you create is not mainly a function of the hours you spend, then you're likely in the right line of work.
When building a startup, microeconomics is fundamental, macroeconomics is entertainment.
It's never been easier to start a company. It's never been harder to build one.
Maybe happiness is not something you inherit, or even choose, but a highly personal skill that can be learned, like fitness or nutrition.
Avoid skeptics for your early hires. You want optimists with good judgment and execution skills.
Mathematicians look down on Physicists, who look down on Engineers, who look down on Designers. And Designers look down on everyone.
Pitching skills are overrated. Find the right co-founder. Attack the right market. Craft the right product. Investors will pitch you.
You have to pick something big to work on, because it's hard to commit your life to something small.
The iPhone wasn't a better phone, it was the first viable pocket computer. Extrapolating from phones, watches, wallets, glasses is an error.
Highly recommend that every would-be investor start a company first. It's hard to understand pain in the abstract.
I never met my greatest mentor. I wanted so much to be like him. But, his message was the opposite. Be yourself, with passionate intensity.
Cryptocurrencies are a native language for value transfer in networks more than they are a currency for humans: http://startupboy.com/2014/04/01/the-fifth-protocol/ …
"Don’t hire for brains or personality alone in early-stage startups. Hire for resilience." by @anthemos https://medium.com/p/43686fa7d825?source=tw-441b78be3963-1399657778448 …
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