Many founders hope to one day take their company public on the stock market and have it be worth over $1B+ in market cap. To Dave Hersh, this dream is a reality with Jive Software, a company he founded and lead for 8 years and through 3 different business models.

Dave also happens to be one of my personal mentors and friends. This week we have the honor of interviewing Dave, who runs a brilliant startup blog and often talks about founder's impatience.

I ask Dave many tough and interesting questions this week like:

You were involved with Jive for 8 years and stepped out right before it went public. Can you tell us why?

What did you learn about work/life balance?

Can you tell us about any bad startup ideas you had before Jive and how you knew Jive was different?

What are the top 3 most common mistakes that you see startup founders make?

What’s the best piece of advice you have ever received about starting companies?

A few years ago, you became a Venture Capitalist with the top VC firm Andreessen Horowitz. What has being a VC taught you about startups and founders that you didn’t realize while being a founder?

How has the way you approach and think about startups changed over the years?