Anyone can access deal flow in investing, which is crucial because it provides options and choices for investors.

The mistake of commission usually happens when you don't have time to get comfortable with a deal and make a decision quickly due to fear of missing out.

As a first-time founder, you're unlikely to negotiate as effectively as an experienced investor who deals with multiple companies.

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

Many founders jump into the first idea they have without considering if it would make a good business, while others wait for the perfect idea that never comes, leading to inaction.

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.

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

I regret not investing in Airbnb when I had the chance; I was focused on my own startup and missed the opportunity to meet with them before they signed with Sequoia. If you move slowly in investing, you're likely to face adverse selection; companies that take too long to engage may not be the best opportunities.

Create a system to invest quickly, as you often have limited time to make decisions when opportunities arise.