This document discusses mitigating risk in early stage companies through proper risk management techniques. It defines income and risk, and lists common types of income and forms of risk that companies may face. It then outlines several techniques for dealing with income risk, such as identification, mitigation, transfer, and financing. These include creating a risk assessment report and action plan, implementing a mitigation program, using contractual agreements, insurance, and self-insurance. The document encourages following these principles to help avoid missing important company milestones due to unmitigated risks.