Investors treating startup investments like stock investments led to unrealistic expectations, as they applied public market valuation metrics to early-stage companies, which have much higher failure rates.

Investing in startups is high-risk, and potential investors should be prepared for both significant upside and possible losses.

There's no such thing as value investing in startups; investing based solely on perceived bargains often leads to losses.

When investors have significant capital, they tend to invest in teams that appear to be attractive to other intelligent investors, which can lead to inflated valuations based on perceived potential rather than actual performance.

Investors know that founders want high valuations and often leverage this by offering a desired valuation while asking for unfavorable terms.

Investors often respond to ideas that are popular or trending, which can mislead founders into thinking they should follow the crowd rather than pursue their own insights.

Investors are biased towards metrics that may not prioritize the startup's survival, focusing instead on growth and revenue.

Founders often inflated their expectations, with some expecting seed rounds of ten million dollars, reflecting a trend of trying to keep up with other startups' valuations.

Investors often rush into ICOs with the hope of quick returns, which can inflate the amount of capital flowing into the space beyond reasonable limits.