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.

The biggest mistake people make is thinking they need to incorporate or raise money before building a simple version of their product. Instead, focus on creating a basic MVP, even if it's just an Excel spreadsheet, to test your idea.

Founders often overspend because they haven't realized that their product isn't what customers want yet, leading them to chase after growth without understanding their market.

Most founders fail to do enough outreach, leading them to incorrectly conclude that sales isn't working for them.

Founders often forget to focus on acquiring their first customer, instead preparing for scaling and hiring prematurely.

When starting out, focus on finding the right order of magnitude for your pricing rather than overthinking it with complicated charts and formulas.

Building confidence in your ideas takes time, and it's important to manage expectations and not let fear dictate your decisions.

It's common for founders to spend too much time alone, developing elaborate ideas without engaging with users, which is crucial for sales.

Many founders make the mistake of waiting for the perfect idea; it's better to start with what you have and iterate based on feedback rather than delaying your launch.