If I invest in a CEO, I need him or her to have experience in sales.

When you sell a product or service, you're making a promise to your audience. If you don't understand your audience, you'll never be able to keep that promise and you'll ultimately let them down.

When you have a large amount of the workforce being laid off, some of them have no other choice but to go out there and invent something.

It will never be a perfect time, you can only make time perfect.

If you can't come clean and tell investors how and why you failed, that raises a red flag. They need to see that you learned from it and came back stronger.

Try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner's money or assets you've learned and you don't make bigger mistakes. Try to go as far as you can without anybody else's help first.

I think it's only failure if you put the word failure on it. I think it's part of the process of learning where you're going to go and what doesn't work.