in 10 min. no wasted time. so compact. just perfect.
00:02 Key points for starting a technical startup 01:21 Focus on daily and weekly problems for successful market entry. 02:37 Achieving growth is crucial for raising money in Silicon Valley. 03:53 PR can be done by founders in early stages 05:14 Fundraising strategy: Avoid needing money upfront 06:36 Having growth is the solution to fundraising problems. 07:47 Focus on people who understand your problem and can be initial investors. 09:04 Hire smart people to attract more talent and be transparent in offers Made with Sitrak'Ai
First slide: be single, have no children, and not in a job you like: that's it, you can start a startup! I personally think every slide presented here is the reason why some people would say VCs hurt your startup instead of help it: everything here is to maximize the probability that the VC does not lose money on your startup, and not to maximize your chance of success.
I dont like the vibe when the other YC dude joins him. When presenting alone this dude is such an effective and helpful mentor
00:02 Key points for starting a technical startup 01:21 Focus on daily and weekly problems for successful market entry. 02:37 Achieving growth is crucial for raising money in Silicon Valley. 03:53 PR can be done by founders in early stages 05:14 Fundraising strategy: Avoid needing money upfront 06:36 Having growth is the solution to fundraising problems. 07:47 Focus on people who understand your problem and can be initial investors. 09:04 Hire smart people to attract more talent and be transparent in offers Crafted by Merlin AI.
I am 37 years back as a Grad in the STEM... Background as a designer ... I Work and save up capital. My goal right now os to bring into new tools and start a startup while working on my Grad Thesis ... Today on my free time from work and school... I am finally coding π next year calital gain grow!
that's the best 10 min I've ever spend learning something. Precise, simple and insightful.
always great to listen guy - fast without the fuzz
π― Key points for quick navigation: 00:00 π Introduction to Starting a Technical Startup - How to start a startup with 2-4 co-founders, - Importance of having financial stability for a year, - The need for co-founders to quit their jobs before starting. 00:29 π‘ Brainstorming and Idea Generation - Importance of team brainstorming and ownership of the idea, - Preference for solving personal problems or those the founders deeply understand, - Focusing on solving daily and weekly problems rather than infrequent issues. 01:38 π Market Research and Legal Incorporation - Conducting an hour of research to understand the market, - Using competitors' products, - Incorporating in the US for raising funds from American investors. 02:05 π οΈ Minimum Viable Product (MVP) - Importance of launching quickly, - Advice to launch within two months, - The necessity of user feedback for iterations. 02:48 π± Achieving Growth - The primary importance of growth for raising funds, - Strategies: experimenting with ads, focusing on reference customers, and ensuring usage equals sharing, - Making sharing an integral part of product usage. 03:57 π’ Public Relations (PR) - DIY PR strategies, - Treating PR like business development, - Building relationships with reporters and the importance of follow-up. 05:21 π° Fundraising Tips - Positioning the company to not need money, - Scheduling investor meetings tightly to create buzz, - Focusing on growth to attract investors and using press to gain attention. 07:53 π οΈ Operational Efficiency - Spending less money and paying attention to monthly expenses, - Extending the runway by reducing costs, - The importance of knowing and managing company expenses. 08:47 π§βπΌ Hiring Strategy - Increasing the average talent with each hire, - Being fair and transparent with offers, - Hiring slowly and effectively, focusing on high talent over quantity. Made with HARPA AI
This 10 min education is infinitely more valuable and game changing than 1 year at an MBA.
I love listening to Michael Seibel
I would add that a solo founder is far far far better than a solo founder + a 50% drag factor. i.e. where did you find your cofounder(s)? Itβs not the idea (though it canβt suck), itβs the people who succeed (at most anything). Choose wisely, or not at all. Investors donβt like deadweight.
wow, this content is something people would pay for
Big thanks to the man in this video for his efforts !
This might be a single, most valuable piece of content on YouTube
Michael Seibel shares wisdom, he is a legend.
amazing summary in 10 mins! I will watch this with my co-founder.
So glad I found this.. thanks for the upload
This delivered way beyond even the thumbnail
@Startupistanbul