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Very good stuff.
5. Be Positive [...] conscious effort to stay positive can get you back in the saddle quicker after a letdown, like when you were been blown off by that VC for the umpteenth time.

It's a tough one to remember, especially if you're somewhat thin-skinned by nature like me, but very important.

You do meet a lot of jerks along the way.

These things could be applied to any situation.
Please remove the number from the title.

From the guidelines:

If the original title begins with a number or number + gratuitous adjective, we'd appreciate it if you'd crop it. E.g. translate "10 Ways To Do X" to "How To Do X," and "14 Amazing Ys" to "Ys." Exception: when the number is meaningful, e.g. "The 5 Platonic Solids."

Where's the "learn to live cheaply"?
A good book and a quick read on the same subject is: Deep Survival by Laurence Gonzales.