00:54 Let's start 01:48 1. Double runway if based in Europe 02:43 2. You are who you surround yourself with 04:53 3. Have a strong opinion on what your customers want 06:17 4. Magic of unleashing potential by sticking with a group of ambitious founders 08:10 5. Emotion management is key in fundraising 10:47 6. Hardware is hard, but it attracts the most ambitious founders craving for big problems 12:31 7. There is no real defensibility. It's basically just hard work. 14:09 8. Charging early is a great way to see who the real users are 16:02 9. Stay laser focused, don't accept an invitation to speak at Davos 17:10 10. Be collectively positive as a team 19:39 10+1: Now I understand why everyone loves Paul Graham