Some really good advice from Kevin Rose. My favorites:
"If you don’t need the money, don’t take it. The more you go without taking funding, the more valuable your startup becomes. Don’t let investors take board seats."
I agree. And it's only becoming easier and easier to bootstrap a startup.
"Stop thinking you understand your users. Learn from what they’re actually doing on your site, not what you think they’ll do. It’s okay to kill features, but prove to your users that you have something better."
And it's also important to try not to introduce too many features at once. Focus on what's important and make it work 100%.
"If you really believe in something, you should just build it. If you love it, it won’t feel like work. It’s okay to drop out of college if you have an awesome idea."
Only after that awesome idea is making a good bit of money.