00:00 Founders should not solely rely on investors for answers, as inexperienced investors may give misguided advice, particularly those with a finance background who tend to rely on money as the solution, and it's crucial to focus on not losing money every month in the beginning.
- Investors cannot magically fix a company and founders should not rely on them for all the answers.
- Investors without prior experience as founders often give misguided advice to startups, leading to common errors, particularly those with a finance background who tend to rely on money as the solution.
- Financial projections may be important in later stages, but it's more crucial to focus on not losing money every month in the beginning.