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The document discusses ways for a startup team to reduce failure risks related to "people problems" including expectation management, regular check-ins, weekly team meetings, social events, personal evaluations, team retrospectives, and emphasizing a positive team culture. The key recommendations are to have clear expectations about roles and responsibilities, meet weekly to discuss learning, mistakes and fun activities, regularly evaluate team members, and continuously improve processes through retrospective meetings focused on what to continue, start, and stop.