Truth is the easiest thing to sell.

Learn as many mistakes and what not to do while your business or product is small. Don’t be in such a hurry to grow your brand. Make sure that you and the market can sustain any bumps that may occur down the road.

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.

We all want the freedom to make our own decisions.

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.

It is very, very hard to do that ballroom dancing and I am going to be nowhere near it. Now if you have a hot dog eating contest, call me.

Strategic partners are way more important than money.