There is no formula to be an entrepreneur, but there are important traits: grit, humility, and empathy.

If you’re going to say it, live it.

Fan the flames of Luck.

Making it work for friends and partners:

  • Alignment of vision
  • Alignment of goals
  • Trust
  • Open dialogue

Three Main Management Challenges in a Startup

  • Time: Where you spend it and how you prioritize
  • People: How you hire, manage and fire. Who you choose as co-founder
  • Money: Enough capital, not too much, and from the right people. Balance fundraising and operating.

Best Advice

If you’re not ready to be uncomfortable, you’re not ready to be an entrepreneur.