Founders should try to raise money for 18 months. The goal of pre-seed/seed capital is to launch an MVP and acquire a few paying customers.

Liquidation preferences help investors get their investment back when the startup is acquired or liquidated at a lower valuation.

The power law dictates that a lion's share of VC returns comes from a small number of deals while most investments fail to return capital.

When a startup becomes big, its early investors sell their shares to bigger VCs at a profit. This is called a liquidity event.

Startups give ESOPs to employees to compensate for the risk. ESOPs can yield a fortune if the startup you joined becomes successful.

VC investments are illiquid with 5 to 8 years lock-in depending upon the fund. Thus, it requires a higher return than most investments.

In the first 4 months of 2021, more Indian companies became unicorns (startups with at least $1 Bn valuations) than in the entire of 2020.

You need $60,000 in net wealth (Assets – Liabilities) to be in the top 1 % of India which is 32 times the GDP/Capita in India.