Archived Blog Post: March 14, 2005
How to Start a Startup: "When and if you get an infusion of real money from investors, what should you do with it? Not spend it, that's what. In nearly every startup that fails, the proximate cause is running out of money. Usually there is something deeper wrong. But even a proximate cause of death is worth trying hard to avoid." - long, but pretty good, although: "You hear all kinds of reasons why startups fail. But can you think of one that had a massively popular product and still failed?" - Napster, Scout, etc.