Frugality is essential for startups; you want to launch quickly and at minimal cost to avoid wasting time and resources.

In the earliest stages, startups should avoid spending money unless absolutely necessary, focusing only on essential expenses like a laptop and a place to live.

Startups often underestimate their expenses, especially in the early days when founders may undervalue their own time and efforts.

When a startup's runway decreases to about 12 months, founders often start making better decisions as they face pressure to perform.

In the early stages, it's important to be cautious with spending and have a plan to reach profitability, even if you're reinvesting revenue into growth.

It's important to maintain frugality and avoid the unconscious pressure to overspend after raising funds, as this can lead to a bloated company structure and increased financial demands. To successfully scale a startup, you need to raise money while maintaining discipline, scrappiness, and frugality.

Founders should be cautious about spending money before achieving product-market fit; it's essential to be disciplined with finances in the early stages.

Many startups fail to realize they are running out of cash until it's too late to turn things around.

Raising money too early can force you into a rush to pivot, which may lead to poor decisions; it's better to wait until your idea is working.