I made mistakes in the fundraising process, including not meeting enough investors and assuming a deal was done before it actually was.

It's really bad to go into a meeting with an investor and not understand the specific terms being negotiated.

If a startup fails and goes through dissolution, SAFE investors are next in line to be repaid after creditors, but often receive only a fraction of their investment back, if anything.

Founders sometimes agree to terms like 'participating preferred' or 'super pro rata' without fully understanding their implications, which can be detrimental.

Many former OpenAI employees may not have fully understood the implications of the non-disparagement agreement they signed, often feeling pressured to comply without reading the fine print.

I faced a moment of panic when I learned that a glitch in our ordering process would lead to a loss, jeopardizing our bank covenants shortly after moving to Las Vegas. We had to find $10 million to reduce our debt and ensure we could make all payments without missing payroll.

Founder breakups can become contentious if founders haven't paid themselves, leading to leverage for the fired founder in negotiations.

During investor meetings, we faced challenges, including one investor leaving mid-pitch, which highlighted our lack of readiness.

Fundraising can lead to many painful experiences, and it's common to feel wronged when expectations aren't met during the process.