I approached Yahoo as a learning experience. Everything at every stage of the game affects what you do next. At Yahoo, I learned a lot about social search and met a lot of amazing people - some are now entrepreneurs with companies I subsequently invested in.

I stay up on current events. I read 'The New Yorker' and 'The Economist.' I go to community meetings to see what concerns the people in my neighborhood. I studied literature in college, so I also continue to read poetry, literature, and novels.

A co-founder is like being somebody's parent: You want to make sure your offspring thrive.

I go to bed early - around 9 P.M. or 10 P.M. - and wake up between 2 A.M. and 5 A.M. and get an extra three hours of work done. Then I have a regular work day. It's very effective.

I work really hard. My daughter asks me what I do, and it's mostly calls, emails, and meetings. We have our office in Hayes Valley, a nice part of town, because we're all about place being important.

It's fairly easy to know when you've succeeded because you're kind of hanging on for dear life. It's such an unstoppable juggernaut; you're trying to stay with your head above water because things are moving so fast.

If the business were a play, Act One is, 'Woohoo, bright and bushy-tailed. We're going to make something great!' Act Two is, 'We're six months behind on back-end development.'

Facebook is a powerful company, yes, but so was IBM.

Do not seek prizes that aren't worth getting.

When you have a failed pitch, you meet many more venture capitalists than you really want to.

I've had two IPOs: with Etsy in 2015 and Cloudera in 2016. There have also been a ton of trade sales in my portfolio.

I joined the board of Etsy when it was just three founders, and I helped recruit the COO and CTO, Chad Dickerson, who later became the CEO.

A lot of the reason I wanted to become an entrepreneur and avoid working for others is that you get to create the world you want to live in and the company you want to work for, and I've loved that. It's a part of entrepreneurship that women should really embrace.

If you look at all the companies I've been involved with - Flickr, Etsy, Findery - communities are a significant part of them. Connecting people to each other, user-generated content, building interactions. That's what I've cared about most.

There is great work to be done, and the women will lead us. So I say, Astonish us with your genius. Inspire us with your creation. Work with one another. Endure the tribulations.

I'm an accidental business person. I just love the medium. I love the Internet.

If you looked at my resume in the years leading up to Flickr, I worked in a dive shop in landlocked Arkansas; I was a starving artist. I just arrived at the thing I love to do accidentally.

If you built a successful company the first time, it's really important not to fall into the trap of resting on your laurels and doing the same thing the next time. It's stepping into the unknown that enables you to create something fresh, new, and innovative.

I wanted to become a writer and felt that poetry was perfected language, so having it in my subconscious mind would make the music of language always available to me.

When I die and my memories die with me, all that will remain will be thousands of yellowing photographs and 35mm negatives in my filing cabinets.

Eliminate activities that require you to be around people you cannot stand. Don't do things for people who should be doing them themselves... and don't waste time chasing trophies.

Vacations are good, and I come back energized, with the whiff of Hawaiian Tropic in the air and 2,000 messages in my Inbox.

Trade sales are the bulk of exits, and there's no shame in that. Sometimes, it's exactly the right thing to do.

The children of less effective, less competent parents will be more likely to adopt the customs and values of the peer group.