If you can just avoid dying, you get rich. That sounds like a joke, but it's actually a pretty good description of what happens in a typical startup.

If you move to San Francisco, the peer pressure ... will [keep you alive].

When startups die, ... I think the underlying cause is usually that they've become demoralized.

Startups almost never get it right the first time. But don't sit around doing nothing. Iterate.

As long as you've made something that a few users are ecstatic about, you're on the right track.

The number one thing not to do is other things.

If you want to get millions of dollars, put yourself in a position where failure will be public and humiliating.