The second rule for success shared by the speaker is to start with something great that can be improved instead of starting with something bad that needs to be fixed. He gives his perspective on this and shares a common inconvenience of online sign-ups that require a postcard to cancel.
The speaker shares two rules he developed through advice from others: start with something already great that can be improved and only work on projects you care about. The speaker also discusses advice he's received for approaching early stage investing intelligently.
The speaker discusses the importance of allowing room for financial growth in investment opportunities and the influence of fund investors on these decisions.
The speaker discusses their criteria for evaluating startups, including looking for a track record of building and launching successful products and a capable team. They also caution against investing in startups with unproven claims and questionable practices.