6 tips for first time entrepreneurs to steer clear of rookie mistakes

Startups are hard. Often there are lessons and no right or wrong answers. But someone who has gone through the cycle of building a startup, scaling it and finally selling it to a larger company can tell you a few things about entrepreneurship.
Ankit Gupta is one such entrepreneur. With Akshay Kothari, his batchmate at Stanford, Gupta co-founded Pulse, a news reading app that was eventually sold to LinkedIn for over $90 million.
We recently caught up with Gupta, who is now an angel investor and a mentor to startups. Here are 6 pointers for entrepreneurs to keep in mind while getting started, raising money and finding product market fit.