When joining or building a company, it is imperative that you understand the laws around equity. As an employee, not understanding how stock options work may leave you with expensive tax bills for worthless stock. As a founder, doling out equity too liberally will leave you with a sliver of the company by the time you exit through an IPO or acquisition.
It’s easy to get excited when you receive your first term sheet. Don’t be easy.
You can’t control your day, but you can always control your attitude.
There has never been a better time for entrepreneurship in the development of new ideas for TV, film and the web.
I like to refer to people who are attracted to flash sales as flashers. They want to get in, get a thrill, and get out. As an entrepreneur building a company, you don’t want flashers, you want fans.