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Virgin America flyers tend to be more likely to be using a mobile device and tapping social networks - even at 35,000 feet.

With Loopt Star, consumers get to tap interactive rewards wherever they may be.

The Loopt mobile app is all about giving you the latest local deals and insider tips.

One of the things we urge Y-Combinator companies to do is to have profitability in grasp. If you need to get profitable before your A round of money, you ought to be able to do that.

I believe in the future, and to be a good investor, you have to believe in the future.

Technology magnifies differences, and it's been replacing or obviating jobs for a long time. But what happens as that case accelerates? I'm not one of these doomsayers who says, 'There will be no jobs.'

That culture of frugality and discipline is really important for the Y Combinator mindset.

The start-ups that do well are the ones that are working all the time.

Location is the sole difference between mobile and traditional Web.

Background updating is absolutely the future.

People appreciate when you make an effort to speak their language.

You shouldn't try to manufacture progress.

Everyone is looking for the hack, the secret to success without hard work.

It's so important for startups to get their culture right at the start. They need to feel unique and that they are on their own important mission in the world.

The way to really scale a venture firm is with software.

Being a public company is really terrible for most companies. I'd say Facebook and Google have done a pretty good job of standing up to the incredible quarterly pressure to hit numbers, but most companies - and I've observed a lot now - don't do a very good job of that.

I think you can say a lot of evil behavior by companies is short-term optimization.

Many of the companies in the mobile location space are trying to figure out different ways to tie what they're doing to commerce.

Whoever Boost works with, Sprint will work with. And whoever Sprint works with, Verizon and AT&T will as well.

Very ambitious startups often take a long time to work - or sometimes they take a very long time to look ambitious.

Generally, you want to raise capital either when you have to or when it's really easy. If the company desperately needs money, and they can't figure out any other way, then they need to raise money. Or if someone's offering you easy money on good terms, you should take it because you can use it for good things.

I love working with really early stage startups where the outcome is still in doubt. Maybe they'll go on to greatness, or maybe they'll never get off the runway at all.

If you ask a founder how their company is doing, they always say, 'Oh it's great. We're totally crushing it,' and that's almost never true.

Startups on the inside are always badly broken.

Ideas are cheap and easy, and there are a lot of them.

Asking what I'd do without Loopt is almost like asking what I would do if I didn't have a smartphone because the feature set has become the norm for me.

I suppose if I didn't have Loopt, I'd have to, I don't know, pick up the phone and just start calling people, a lot more texting and certainly more Googling.

Loopt isn't a service that keeps you locked in, staring at your screen.

The biggest part of Loopt is about discovering the world around you, never replacing a social experience - only adding to it.

If you go to a paintball subreddit, paintball companies can advertise to you.

The nice thing about Reddit is, we don't have to sell your data or build a profile of you or do stuff that makes people feel uncomfortable.

I grew up with a computer, and many of my friends were people I met online.

Anonymity breeds meanness.

Traditional local advertising is not what retailers want. They want not just for you to see an ad - they want you to come into the store, to be a repeat customer and to spread the word.

The market for local advertising is in the billions.

The whole concept of rewarding customers is a big trend.

If you wanted to build an Internet startup in 2005, you had to buy your own servers and hire someone to manage it. Now, that's unheard of.

I don't often get involved with campaigns at all.

All companies that grow really big do so in only one way: people recommend the product or service to other people.

The only way to generate sustained exponential growth is to make whatever you're making sufficiently good.

There is a long history of founders returning to companies and doing great things. Founders are able to set the vision for their companies with an authority no one else can.

The reduction in compassion that happens when we're all behind computer screens is not good for the world.

If the Reddit community cannot learn to balance authenticity and compassion, it may be a great website, but it will never be a truly great community.

Set a clear, easy-to-understand vision for your company, and make it be a mission people believe in.

People are incredible creatures of habit.

I think that inexpensive sources of planet-friendly energy are one of the most important things for us to pursue.

The correlation of quality of life and cost of energy is huge.

Move fast. Speed is one of your main advantages over large competitors.

Many founders hire just because it seems like a cool thing to do, and people always ask how many employees you have.

Companies generally work better when they are smaller. It's always worth spending time to think about the least amount of projects/work you can feasibly do, and then having as small a team as possible to do it.

Don't hire for the sake of hiring. Hire because there is no other way to do what you want to do.

I believe that sexism in tech is a real problem.

Seed investing is the status symbol of Silicon Valley. Most people don't want Ferraris, they want a winning seed investment.

All throughout my life I have been deeply immersed in startups, either because I was running one or investing in them or helping them.

It's easy to say, 'I'm going to build something that already exists,' but it's difficult to clearly and succinctly describe something new.

I don't invest in companies where my mental model is that they need to get themselves acquired in the next few years - or ever.

If you look at people who have an iPhone or Android and are under 40 and are dissatisfied with their bank, it's actually quite a large market.

A lot of people don't love their bank.

Sometimes people think Y Combinator has big ideas about themes. But really, we just fund the best startups.

The crowd's a really powerful force on the Internet, and people finally understand how to harness that.

You really want a company full of missionaries, not mercenaries.

Communication services need interoperability to succeed - and Loopt is the first such service since SMS that is available across all major U.S. wireless carriers.

Do I think every culture will embrace location technology? Yes.

Check-ins are cool, but kind of a pain.

People hate searching.

Tech companies tend to do tech best.

Facebook and Instagram are spiritual brothers.

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