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Startups on the inside are always badly broken.

Failure will happen. It's a normal part of the startup process.

Startups often have to do dubious things.

It's rare for a startup to make money immediately, so you need to make sure that you have enough saved or that you have another income stream that can support you.

Working on a startup is a balancing act: being crazy enough to believe your idea can take off but not crazy enough to miss the signs when it's clearly not going to.

I don't know the difference between working and not working.

Startup stories are always smoother in the telling than they are in reality. A startup is not one, but a series of 'Aha!' moments, and some which seem like 'Aha!' moments but turn out not to be.

Because most startups are lean and scrappy organizations consisting of a limited number of people and supported by an even smaller number of resources, startups cannot afford to have any slackers on board. When you fail, you cause an 'epic failure,' and when you win, everyone in the company knows about it.

By definition startups usually do not turn a profit.