1. The document provides 11 tips for researchers and product managers who are also entrepreneurs. 2. The tips include not being paranoid, finding "A" players for the team, acknowledging being a geek but having a clear product statement, iterating the product statement until it's clear, showing not just describing the product, finding the monetization path early, using traction and numbers to demonstrate success, expecting more than just money from funding, pursuing parallel growth strategies, executing effectively on management, and thinking big and broadly about the company.