It's essential to understand at least one market where real customers will pay for your product, and you need more funding than you initially think, especially for hardware development.

Understanding the business value your product provides is crucial for setting the right price.

To create a massively successful startup, you need to have a huge market and make something that a lot of people will pay for or that people will pay a lot for.

You need to ensure that your product has a pull from the user; if users aren't engaged, customers won't pay for it.

Understanding the pain points of your customers is crucial; validate your product by ensuring it addresses a real and valuable problem.

It's important to charge for your product because if there's enough pain and promise of a solution, people will pay for it.

It's not just about having a viable product; it must also be a valuable product that addresses real customer needs.

Founders often make the mistake of being afraid to charge for their product, fearing customer rejection. However, charging customers is one of the most effective ways to learn about your business, including whether users are willing to pay and which customer segments are most excited to pay.

If you design a brilliant product but fail to ensure its easy adoption and cost-effective delivery, you will face significant challenges in the market.