7. Poverty You can live cheaply Less independent to outside funding Room to recover from mistakes
8. Partners Scarcest ingredient in startups: co-founders Popular question: “where can I find my co-founder?” Best place to meet them is school. Eg: Google, Yahoo, Youtube and Microsoft
9. Ignorance Believe in things you don’t know about A situation that forces you to take side and make progress When you know nothing, you have to reinvent stuff for yourself
10. Words of wisdom “All the best things that I did at Apple came from (a) not having money and (b) not having done it before, ever. Every single thing that we came out with that was really great, I'd never once done that thing in my life” – Steve Wozniak
12. Learn how startups work Books and classes are not good sources Learn by watching other startups in action Learn the key lessons and insights that startups share Learn by meeting people who has been there, done that