Location is the sole difference between mobile and traditional Web.
The Loopt mobile app is all about giving you the latest local deals and insider tips.
The way to really scale a venture firm is with software.
Background updating is absolutely the future.
A lot of people don't love their bank.
I love working with really early stage startups where the outcome is still in doubt. Maybe they'll go on to greatness, or maybe they'll never get off the runway at all.
That culture of frugality and discipline is really important for the Y Combinator mindset.
The correlation of quality of life and cost of energy is huge.
I don't invest in companies where my mental model is that they need to get themselves acquired in the next few years - or ever.
I get up late, have an espresso, and immediately start work. I try to get roughly caught up on email before I leave the house, then if I need to write anything or review a complex deal, I do that, and then I head to the office and work on my top few priorities for the day. I try to schedule my meetings in the afternoon.
I believe whatever smart, ambitious people are working on will be the trend of the future. I do think that it's worth thinking critically about what the future will be.
Whether or not money can buy happiness, it can buy freedom, and that's a big deal. Also, lack of money is very stressful.
The crowd's a really powerful force on the Internet, and people finally understand how to harness that.