If you have the opportunity to go be an early employee at a company that's just going crazy, and you believe it's the next Facebook or Google, you should go join that company.
... fire fast when it's not working. It's better for the company, it's also better for the employee.
One thing that founders forget is that after they hire employees, they have to retain them.
Employees will only add more value over time.
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
... companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it...
Before 20 or 25 employees, most companies are structured with everyone reporting to the founder. It's totally flat.
You should be giving out a lot of equity to your employees.
... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part of the founding of the company.