Incorporate your business properly before fundraising; many investors won't consider investing in LLCs or unincorporated entities.

If you're investing your own money into your company, it's best to buy equity directly rather than using complex structures. You don't need a lawyer to negotiate with yourself when managing your own investment in a startup, but it's wise to seek legal advice or do thorough research to ensure everything is done correctly.

Use online services for incorporation to save costs; hiring a lawyer is only necessary for complex legal matters.

Having different investment criteria among investors is beneficial; it allows for a broader range of opportunities and better returns.

Investing in areas I know well can be tricky; I often find that I need to unlearn my assumptions to avoid missing out on good opportunities.

Companies are becoming cheaper to start and raise funds due to advancements in legal automation and standardization, making it easier for investors to invest.

Investing in areas where you have a belief system or understanding is crucial; avoid spaces that are too complicated or unfamiliar.

Investing young allows for the correction of mistakes over time, as compounding can significantly benefit those who start early.

Investing in small business platforms was challenging years ago, but now it's become a hot market, making it harder to invest profitably.