Listened to Jack talking on his experience starting companies, growing it and IPO. He's also the president of HYSTA, a non profit Chinese community promoting entrepreneurship.
Some interesting comments:
1. Web is not a computational problem, it's like a real society
2. Guiding principle is social science not computer science
3. Startup is a process; it's multiple lightbulbs lighting up not just one of them
4. Market research is asking people whether they'd buy and use it not reading analysts' reports
5. Signal will emerge and noise will cancel each other out using the wisdom of the crowd
6. Startup must have barriers (See Freakanomics) and have lots of dead ends
7. If people say no to your idea, ask them why.
8. Humans are animals of contexts
9. Must be mentally prepared: Startup fundamentally violates human nature (Humans live with the pack, startup is alone, lost, fearful)
10. You must exercise if you're doing startup
11. Engineer must look at the big picture
12. Level 5 leadership: Humility and Professional Will
13. Most startups are killed by themselves
14. Don't do things when everyone is doing it
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