A common mistake among founders, especially first time founders, is that they think the first version of their product - the first version of their idea - needs to sound really big.
But you need to keep all receipts. Press has a wave, where getting the first article helps a startup get a second article, etc, but at some point this wave will pass.
Think about pushing a giant rock, the beginning is the toughest! Its a bit of an angel round science show. The process of creation: In fact, all of the classes we have at YC follow this.
Ok this connection to the slave revolution is a bit difficult for me to follow. At the very beginning of YC, we encourage more ambition. I really want to avoid caffeine to make it through the day. Co-founders should be relentlessly resourceful, like James Bond. Get user manually and realize that the goal is to get a few users to love the product.
I think understanding frustrations is key. If you want to exercise power and authority over people, join the military or go into politics.
Thank you for coming, Dustin. It is important to pick a good seed investor, who has connections with venture capitalists. Very few companies that go on to be super successful get there without first doing this.
Again a payroll provider like zenpayroll can alleviate a lot of these pains. If your product gets 10 percent better every week, that compounds really quickly. Learn how to unconsciously think about startup ideas, learn a lot about things that matter, work on ideas that interest you, and work with people you like and respect.
I think instagram was a 13 person team when it was acquired by Facebook. Raising money perhaps not a milestone or an accomplishment, it just empowers a founder to do the other things, which are harder and are important. Sideways funnel of from wide to narrow left to right: A great product is the secret to long term growth hacking.
Focus on active users in the last 30 days. This is an important part of a good idea.
Does this intersection make sense? There are a lot of different ways to talk about the right kind of market.In the fall ofSam Altman President of Y-Combinator, taught a class at Stanford entitled “How to Start a Startup”.
All lectures are online. I’m on faculty as an Entrepreneur in Residence at Florida State University. How to Start a Startup Sam Altman Follow @sama. Lecture 3: Before the Startup Paul Graham Follow @paulg View the annotated transcript, and add annotations of your own, on Genius, or directly at the bottom of this page!
Discuss this lecture! Readings:. Sam Altman, President of Y Combinator, and Dustin Moskovitz, Cofounder of Facebook and Asana, kick off the How to Start a Startup Course. Dustin discusses Why to Start a Startup and Sam introduces the 4 key components of Starting a Startup: Idea, Product, Team and Execution.
Starting a company seems much more glamorous than it is. In reality, it’s one of the hardest jobs you can find.
I worry that, as starting a company becomes more and more fashionable, many people are starting companies for the wrong reasons.
By Sam Altman Follow @sama Everything we know about how to start a startup, for free, from some of the world experts. How to Start a Startup is a series of video lectures, initially given at Stanford in Fall I am Sam Altman, I'm the President of Y Combinator.
Nine years ago, I was a Stanford student, and then I dropped out to start a company and then I've been an investor for the last few. So YC, we've been teaching people how to start startups for nine years.Download