Don't try to be the last money in; it shows a lack of confidence in your investment decision.

Companies should evaluate their stock option policies regularly to ensure they are fair and beneficial for both departing and remaining employees. To make stock options meaningful, employees must stay until an exit, have their stock vest, and the company must be worth something; otherwise, owning 10% of nothing is still nothing.

If you're unsure about an investment, it's better to be decisive rather than flip-flopping on your decision.

Before quitting your job, be financially prepared. Having 6 to 12 months of living expenses saved up provides peace of mind. Without a financial cushion, the stress can be overwhelming and distract you from building your company.

When you identify a promising company, be decisive; either invest quickly or risk losing the opportunity.

You need to be disciplined in how you invest your time to achieve significant financial success.

You need to be disciplined in how you invest your time to achieve significant financial success.

Having personal conviction about your investments is crucial, as it allows you to withstand scrutiny and potential embarrassment from others questioning your choices.

Investors won't force you to burn cash, but it's important to remain cautious and not react impulsively to suggestions that might lead to unsustainable spending.