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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.
Social media + clickbait journalism have metastasized into permanently outraged lynch mobs roaming the Internet, cowing people into silence.
Three things in life - your health, your mission, and the people you love. That's it.
It's never been easier to start a company. It's never been harder to build one.
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.
My immigrant Uber driver marvels at how well Americans treat their dogs. He suggests that Americans could adopt poor people instead.
When building a startup, microeconomics is fundamental, macroeconomics is entertainment.
Maybe happiness is not something you inherit, or even choose, but a highly personal skill that can be learned, like fitness or nutrition.
Weak dollar and high oil prices were bad. Now strong dollar and low oil prices are bad. Macroeconomics is voodoo.
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.
All modern diseases are diseases of abundance. We punish ourselves by constantly entertaining our minds and bodies.
The iPhone wasn't a better phone, it was the first viable pocket computer. Extrapolating from phones, watches, wallets, glasses is an error.
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