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.