Most times, the best way to create value is continue to double down on the domain-specific insights you've collected over your entire career. On the surface, it might seem like you're relaunching the "same" company—but it's always different. I had to reinvent all the growth… Show more

One of the best ways to build a network is to develop a reputation for really taking care of the people who work with you. Be overly generous with sharing the upside; it will come back to you 10x. Also, learn how to evaluate what people are great at, and put them in those roles.

I’ve observed thousands of founders and thought a lot about what it takes to make a huge amount of money or to create something important. Usually, people start off wanting the former and end up wanting the latter.

Your actions and results will not always reflect your intentions, but as you move towards “greatness”, you should have a better idea of what inputs actually deliver output. You’ll still make mistakes﹣as we all do﹣but you’ll have a better grasp on what is more likely to work out.

That if you just keep telling, polishing, and retelling your strategy and story, you end up with the gem of the idea, the gem of the value prop for customers, and the core of what your product needs to be.

The key implication is that while you have not yet found the unique opportunity that will be the engine and purpose of your empire, you have to adjust your sense of value. Value is very legible within a clear plan to reach a clear objective. But you cannot pursue interesting novelty—things that no one else is doing or which you have never seen befo... See more

One of the most important lessons for me, another lesson learned, in the areas I invest in, which is largely consumer, I think it's critical you have a theory and defensibility. And for me, that defensibility typically has been network effect.