I learned that sometimes ignorance can lead to unique strengths, as our inexperience in angel investing led to the successful batch funding model at Y Combinator.

The key lesson I learned is to follow your customers rather than investors, as they are the true indicators of what will be successful.

I learned that I didn't really know anything about fundraising or venture capital, which was a significant realization for me.

I learned that every little detail matters when pitching to investors, from how you talk to how you follow up.

Raising funds can take time, and it's essential to build relationships with potential investors rather than rushing the process.

A common misconception among founders is that raising money will magically solve all their problems. They may believe that their investors will save them from failure, which leads to a lack of critical thinking and preparation for ongoing challenges.

I believe that asking questions and learning from others who have successfully raised capital is essential for navigating the fundraising process.

Founders often face challenges in fundraising despite having paying customers, as investors may not understand the product's value.

I found that I prefer running a company over being on the sidelines as an investor; many founders miss this realization when they start investing.