1. The most efficient way of learning is to build a product and speak to experts in the field.

2 . You should at least have a basic capital to start a venture. At the same time, this should not be the only barrier to your startup.

3. You don't want to do anything out of the box. Basic business sense and getting the fundamentals right will keep you in the business for long run.

4. Running a startup or a company will always be a constant battle in thoughts, whether to wait out patiently or invest in new technologies. But the thing is you should do both in an appropriate manner.

5. Too much diversification leads to loss of competitive advantage. "Jack of all and Master of None" is the major contributor in blowing things off.

6. Whenever there is an emotional bias or massive setback, you step back and be objective and put your critical thinking in play. It's a difficult thing to do but you have to believe in and do it.