By The Time That Product Is Ready

Except In Very Narrow Cases, Where There's Breakthrough Science That Needs Patent Production, Worrying About Competitors Is A Waste Of Time. If You Can't Out Iterate Someone Who Is Trying To Copy You, You're Toast Anyway.

At Imvu, We Opened Up Our Board Meetings To The Whole Company.

Our Educational System Is Not Preparing People For The 21st Century. Failure Is An Essential Part Of Entrepreneurship. If You Work Hard, You Can Get An 'a' Pretty Much Guaranteed, But In Entrepreneurship, That's Not How It Works.

Don’t Be In A Rush To Get Big. Be In A Rush To Have A Great Product.

A Start Up Is An Institution Designed To Thrive In The Soil Of Extreme Uncertainty