@nonefvnfvnjnjnjevjenjvonej3384
I think the best thing about YCombinator is how much clear and precise information they have released for free without any strings attached, without any bs. It is really fascinating actually.
@sskohlhoff
Some of Michael's Top Learnings: - Assuming raising successful seed round means you've hit product-market fit - Taking on too many problems / products - Not understanding business model (example: pricing for SMB, but selling to Enterprise) - Not understanding when it's right time to sell - Assuming investors will be LARGE differentiator - Not establishing best practices around hiring (i.e. intelligent interview process, clear mission/culture, roles/responsibilities) - Not establishing best practices around management - Not creating transparency around how the business is doing (business KPIs and product KPIs) - Not clearly defining roles/responsibilities between the founders - Not having level three (intense, but pragmatic) conversations to alleviate tensions between founders - Assuming Series A will be as easy to raise as seed/angel rounds
@tonebalone90
I'm a simple man. I see Michael Siebel and I throw an upvote.
@zetendra
Chapters YC stats & info: 0:20 10 Failures in YC 1. Assuming that raising a successful seed round means that you reach product market fit : 1:33 2. Hiring too quickly: 3:11 3. Not understanding your business model 5:05 4. Not understanding when it's the right time to sell for a tech startup : 6:01 5. Assuming investor will be a last differentiator : 8:29 6. Not establising best practice around hiring : 10:46 7. Not establishing best practices around management: 12:37 8. Not clearly defining roles/responsibilities between the founders: 15:06 9. Not having level three (intense, but pragmatic) conversations to alleviate tensions between founders: 16:25 10. Assuming Series A will be as easy to raise as seed/angel rounds: 17:45 Last thought 23:15 Most of the company has a good thesis or hypothesis how they can be big but because of these 10 problems Last fun quote 25:15 "The good time feel bad, and the bad time feel bad(too)"
@lootyhaga5699
easily the best video for startups i've ever seen. every single point of advice he has is 100% correct. this dude knows what he's talking about
@howardmarles2576
Anything the YC folks have to say is valuable. Michael is exceptional. I've done numerous small startups and one small IPO. I wish I could have had this advice 25 years ago.
@nicafaustinoVC
Pretty succinct, valuable experience-based. Thanks! We are living through the journey. The highs are very high and the lows are very low, but I wouldn’t change a thing about the experience we are gaining on this journey. 👊😉
@wdai03
This guy's pretty amazing, so clear and succinct and well structured
@thecryptoplayground7235
Hi Michael as a startup at the commencement of the journey found your information invaluable
@PrinceKumar-hh6yn
Points worth giving a thought. Why not ? He's the man behind combinator
@CO8848_2
The quality of this talk is off the charts.
@ahmedalhisaie7698
this guy one of the few people that I believe in business advices
@HandcartRule46
This is gold, like everything else that comes from him
@markrussellfilaroski5035
Michael, Thank you so much. Great advice and I was very excited to share this with my team.
@JosephProsnitz1
You are a wonderful speaker and a thoughtful guy. Really enjoyed
@LordNases
Every time I see Michael, I like him more
@melodic_door
He's just an awesome and a simple person.
@DrewRoberts
A few minutes into this video, I smashed that subscribe button. Need more content like this! Thank you
@8mariag
Love Michael’s lectures, it’s so useful
@doncorleone3901