To minimize risks, focus on taking intelligent risks that can lead to multiple positive outcomes if successful.

As you build your company, focus on bringing in the right engineering team to ensure your success.

You need to build a top engineering culture to attract the best talent, which is crucial for success.

Start with what your team is especially good at and think of ideas that take advantage of your expertise. This approach ensures that any idea you generate has automatic founder-market fit.

The belief that making fewer bets with a higher percentage of success is virtuous is misguided; assembling a team of highly productive general partners is rare and challenging.

It's essential to ensure you have the right DNA in your company before you start scaling.

We encourage our team to invest in opportunities that show promise, even if they come with risks, as this can lead to significant breakthroughs. In venture capital, the key to success is identifying the next big thing early and investing heavily, rather than focusing on win rates or percentage returns.

Building a team aggressively but thoughtfully is crucial; ideally, you should not double the size of your company in any given year to avoid creating a shaky foundation.

Creating luck involves putting yourself out there and taking risks; avoiding situations where you might face rejection, like applying to Y Combinator, reduces your chances of getting lucky.