In an era where AI and no-code tools let founders build products in a weekend, speed has become a double-edged sword. While it accelerates innovation, it can also mask weak fundamentals, allowing poorly defined problems and shaky business models to survive longer than they should.

Georg Chmiel, Co-Founder and Chair of Chmiel Global Advisory, joins us to unpack the "5Ps of Startup Reality": Problem, Passion, People, Perseverance, and Pivot. He explains why solving a real business problem is the ultimate priority, why "boring can be beautiful," and why founders should ignore the P&L in the early days and focus entirely on cash flow.

We discuss:

• The 5Ps: Problem, Passion, People, Perseverance, and Pivot.

• Why speed often masks weak fundamentals in early-stage startups.

• The "second mouse gets the cheese": why being first isn't always best.

• Why cash flow, not P&L, is the ultimate survival metric.

• How to distinguish a strategic pivot from a "panic pivot."

• For founders and business leaders, this is a back-to-basics deep dive on building a resilient, high-growth company.