Avoid spending too much time on strategy at the beginning of a company. Focus on iterating and learning from mistakes. Charging based on consumption rather than creating new queries is more profitable. Building companies through iteration and stumbling upon successful ideas is more common than planning on paper. Develop execution skills first, gain traction, and then focus on strategizing. According to Snowflake CEO, Frank Slootman, one should only strategize after proving a track record of successful execution.

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