Founders sometimes believe that just because a trend is popular, their startup will succeed in that space. They fail to recognize that entering a market at its peak can be detrimental, as they are competing against established players who have already gained significant advantages.

Investors often respond to ideas that are popular or trending, which can mislead founders into thinking they should follow the crowd rather than pursue their own insights.

The startup ecosystem is mixed in identifying contrarian opportunities; sometimes it recognizes them, but often it struggles to see potential markets until they become popular.

The world is still largely unaware of the value of having extreme conviction in a single bet, which is why I'm excited for startups right now.

Investors often chase opportunities in startups, hoping to profit from future growth, which can lead to inflated valuations that may not be sustainable.

The trends in technology often take longer to materialize than anticipated, indicating that we are just beginning to see the potential of the current wave of innovation.

Relying on external factors outside of your control, like mainstream virtual reality headset adoption, can be a sign that you should pivot if your startup's success depends on those factors.

Conventional wisdom in investing is often wrong; for example, many believed there was no money in the internet before Netscape, or in software before Microsoft.

Founders should focus on areas that are not currently popular but where AI can have a significant impact, rather than trying to start something too far ahead of the technology's capabilities.