I described the CEO job as knowing what to do and getting the company to do what you want. Designing a proper company culture will help you get your company to do what you want in certain important areas for a very long time.
The big value of the founder running the company is really two things: the knowledge and the commitment.
Groupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment.
In Silicon Valley, when you're a private company, the entrepreneur can do no wrong.
The only thing that prepares you to run a company is running a company.
One of the great things about building a tech company is the amazing people that you can hire.