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.

Entrepreneurs should have a clear investment thesis that outlines their strategy and goals, as this clarity helps in recognizing when a pivot is necessary due to changing circumstances.

When investing, it's important to be clear about your criteria and what would convince you to take the risk, especially if you're the only investor at that moment.

Investors are like employees you can't fire, so it's vital to choose those who care about your vision and will support you through challenges.

Being a successful investor involves overcoming emotional biases and making rational decisions, often aided by colleagues who provide critical perspectives.

Great investors not only stay out of your way but also provide more capital and connections for future rounds. This happens when they are genuinely good investors and you keep them informed about your progress.

When seeking investors, it's crucial to find those who deeply understand your business and can provide valuable insights.

Great investors develop intuition to judge people and founders, and they advise founders to be honest and direct.

Smart founders recognize that investors have their own goals and incentives, and they should consider these when evaluating investment pitches instead of accepting them blindly.