Juicero is the opposite of what you want in a startup; they spent a hundred million dollars on a product without ever talking to customers, which ultimately failed.

I pitched 75 investors for funding, but we faced rejection after rejection, which made me cynical about fundraising, especially during a time when no one was investing in consumer-driven businesses.

We calculated that we needed at least $100 million to make a smartphone, which was impossible to raise at the seed stage, and we faced rejection from factories like Foxconn.

Many startups fail because they don't adequately map out the flow of money in their target market, which is essential for securing funding and sustaining operations.

Initially, we thought we were on the path to success, but I later realized that we were not converting users into paying customers because we were too focused on fundraising and PR instead of creating a product that people actually needed.

Raising money through crowdfunding can lead to negative public perception if a product fails to deliver, making it a risky strategy for hardware companies.

Despite initial investor reluctance due to past failures in grocery delivery, we eventually closed a seed round with an investor who believed in us.

Validation from investors or media does not guarantee a product's success; founders must ensure their product meets real user needs.

Many companies fail to build an MVP, which is often seen as the first crucial step in creating a successful product.