Tip #3: Stock up early

“Raise more money than you thnk you need. Mistakes in hardware are very expensive.”

— From an interview with one of the rare Bubble 2.0 entrepreneurs who’s actually making a hardware product. He had three software companies before this one.

Tip #2: Eats, shoots, and leaves

“Once the check clears, no one stays.”

— A prominent serial entrepreneur on what happens to founders when their company is acquired successfully and they’re absorbed into a large organization. He adds: “Especially if they’re not building what they want to build anymore.”