One of the biggest mistakes entrepreneurs make is not understanding the relationship they have with their investors. At times, they confuse VCs with their friends.

The Lean Startup is a process for turning ideas into commercial ventures. Its premise is that startups begin with a series of untested hypotheses. They succeed by getting out of the building, testing those hypotheses and learning by iterating and refining minimal viable products in front of potential customers.

Value Proposition Design is a 'must have' for anyone creating a new venture. It captures the core issues around understanding and finding customer problems and designing and validating potential solutions.

Schools reward their students for a combination of intelligence, perseverance, and hard work - in the classroom and on the playing fields. But these metrics don't help kids understand that great grades are not a pass for a great life.

I had no idea what it took to be an actor. Then all of a sudden I found myself cast in a TV drama. The director was very harsh with me. One time, he told me this would be my first and last acting job. I seriously thought that acting was not the right career for me.

Well, in our business, it's a very tough profession.

As a black person on the outside, because there's so much black art and so much of black people's work circulating, so many people imitating what black people do, you would think that there'd be more black people on the business side. It didn't cross my mind that every label head, for the most part, is a white guy.

I'm friends with a lot of actresses, but my 'SNL' friends are my closest. The experience of working there is something of a battleground, a great one, but complicated. I think there's a deep connection for having survived that workplace.