Some entrepreneurs talk of a high burn rate, high advertising rate, and so on, with no outcome, so it doesn't impress me. But an entrepreneur who has that kind of a feeling of responsibility towards his investors is somebody who will have all my support.

As much as possible, avoid hiring MBAs. MBA programs don't teach people how to create companies.

The most important thing is to keep your team as small as possible.

Starting a business is not for everyone. Starting a business - I'd say, number one is have a high pain threshold.

Almost any mistake you can make in running a company, I've probably made.

I told all of our original investors that they would lose their money for sure.