Founders often struggle with the transition from a tech giant mindset to the scrappy approach needed in startups, which requires extreme resourcefulness and thoughtfulness.

Many startups fail to realize they are running out of cash until it's too late to turn things around.

Surprisingly, many startups fail due to having too much funding, which can lead to a lack of urgency and detachment from customer needs.

Startups often accomplish a lot with little; successful founders find ways to be resourceful and efficient.

It's important to maintain frugality and avoid the unconscious pressure to overspend after raising funds, as this can lead to a bloated company structure and increased financial demands. To successfully scale a startup, you need to raise money while maintaining discipline, scrappiness, and frugality.

Young founders often go through the motions of starting a startup without focusing on the essential task of making something people want.

Startups often underestimate their expenses, especially in the early days when founders may undervalue their own time and efforts.

Many startups fail to manage their resources effectively, often doing less with more, leading to wasted funds without tangible results.

Raising more capital can be beneficial, as long as founders maintain control over spending and prioritize scrappiness.