Probably the single best predictor of a company's success is the cadence with which it ships. How often are they shipping new updates and new code? It's not the number of hours that drives learning and development; it's the number of iterations that drives learning and development.

The product, especially in an early stage investment, is really just the resume for the team—it's showing you what the team is capable of.

At the seed stage, if a company is growing 10-20% per month, that's a solid company.

At the seed stage, 20% per month growth is explosive. That’s a company growing at a very steep curve, nearly 9x a year. Those kinds of companies tend to have big outcomes—and tend to be very rare.

A team that iterates quickly on a high-quality product is much more likely to find product-market fit than a team that's moving very slowly and deliberately.

In private market investing, nobody knows everything. Each investor in a startup knows a little bit about the deal, but nobody has a complete picture.

The holy grail is a substantial product that’s sticky, monetizable, and growing at 20%+ per month.