Great companies do not succeed in a straight line; founders must learn to navigate setbacks and keep moving forward despite challenges.

Success in entrepreneurship is a game of attrition; most people give up, and you need to stick it out long enough to figure things out.

Legendary investors recognize their advantages and act decisively, while also being able to move on from mistakes without emotional attachment, viewing losses as learning experiences.

Embracing inadequacy is part of the entrepreneurial journey, and it's essential to seek wisdom and guidance along the way.

Before thriving, a startup must first survive, and sometimes achieving product-market fit takes longer than expected, requiring patience and strategic adjustments.

When a startup is losing money, it's essentially a wealth transfer from investors to consumers, and only a few companies will successfully navigate this situation by being very smart about their finances.

Accepting setbacks and moving forward, believing that whatever happened is for the best, is a strong predictor of success among startups.

Entrepreneurs are often seen as risk-takers, but it's crucial to make coherent bets on risks, as significant opportunities come with associated risks.

In moments of self-doubt, I learned that many successful entrepreneurs faced similar challenges and grew by making mistakes and learning from them.