Managing people effectively is essential in a startup; if you don't focus on this, it can overwhelm you as the team grows.

Hiring the right people is crucial; you should either hire extremely well or fire quickly to maintain team effectiveness.

If you want to create a high-functioning team, do your work, and it starts with the person who has the most power.

When hiring, prioritize finding the best people and be proud of how much you can accomplish with a small team, as having too many employees can lead to complexity and inefficiency.

In high leverage roles, focus on minimizing opportunity cost rather than just achieving positive ROI, as this leads to better long-term outcomes.

Another important lesson is the heavy emphasis on hiring quality people, as the energy and care in hiring decisions significantly impact the team's effectiveness.

Hiring great managers and executives can change the dynamic, as they understand how to leverage a founder's authority to achieve goals rather than isolate them.

The team you build is the company you build, and hiring more competent people can be magic when it works right.

As a founder, managing people is essential, even if it feels less exciting than working on the product; you can't build a company alone.