This document serves as a beginner's guide to API strategy, highlighting the importance of differentiating between internet-facing and public APIs that can create new business opportunities even without generating revenue. It emphasizes the significance of understanding the 'why' behind developing public APIs, community engagement, and having a well-documented developer portal, while cautioning against several pitfalls such as poor documentation and not listening to the developer community. Key elements discussed include architectural patterns, budget considerations, and examples of successful API implementations.