The median startup is worth about $0, and 95% of startups are considered bad investments, leading investors to default to saying no.

The chances of a startup becoming a $10 billion business are very slim, especially if you start with the goal of rapid growth.

When a startup is losing money, it's essentially a wealth transfer from investors to consumers, and only a few companies will successfully navigate this situation by being very smart about their finances.

In the startup world, companies can achieve billion-dollar valuations within 6 to 12 months of launching, even without product-market fit, similar to the rapid valuations seen during the crypto boom.

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

Joining a startup is statistically improbable to make you rich, so don't expect to be set for life just by joining one.

Most startups fail, and only a small percentage achieve significant financial success, so view equity as a tool to enhance your chances of success rather than a fixed resource to be divided.

Investors often chase opportunities in startups, hoping to profit from future growth, which can lead to inflated valuations that may not be sustainable.

It's statistically improbable that you'll get rich by joining a startup, so don't join with the expectation of being set for life.