All rights reserved to Michael Seibel, see the full YouTube video HERE.

Some of Michael's Top Learnings:

• Assuming raising successful seed round means you've hit product-market fit
• Taking on too many problems / products
• Not understanding business model (example: pricing for SMB, but selling to Enterprise) - Not understanding when it's right time to sell
• Assuming investors will be LARGE differentiator - Not establishing best practices around hiring (i.e. intelligent interview process, clear mission/culture, roles/responsibilities)
• Not establishing best practices around management
• Not creating transparency around how the business is doing (business KPIs and product KPIs)
• Not clearly defining roles/responsibilities between the founders
• Not having level three (intense, but pragmatic) conversations to alleviate tensions between founders
• Assuming Series A will be as easy to raise as seed/angel rounds