11–20 of 243 posts
Love it. What is missing is some information about technicalities e.g. Want to rise money in US? You probably need a Delaware S-corp (Github repo maybe better for it)
Love it. What is missing is some information about technicalities e.g. Want to rise money in US? You probably need a Delaware S-corp (Github repo maybe better for it)
A great point, that I haven't seen in too many places. I sometimes feel like we're seeing too many people who "want to have a startup" for the supposed fame and fortune, and not enough who are truly passionate about an idea. Believing in an idea will get you through, not dreams of gold coins.
Sam, I noticed you didn't mention watching cash burn or unit economics. Is that a later section you might add? Too many founders don't realize the importance of that until it's too late (speaking from personal experience)
> an even bigger problem is that once you have a startup you have to hurry to come up with an idea, and because it’s already an official company the idea can’t be too crazy. You end up with plausible sounding but derivative ideas. This is the danger of pivots. A great point, that I haven't seen in too many places. I sometimes feel like we're seeing too many people who "want to have a startup" for the supposed fame an…
^ this group + @sama... wow. Terrific advice from an amazing list of credible people.
> an even bigger problem is that once you have a startup you have to hurry to come up with an idea, and because it’s already an official company the idea can’t be too crazy. You end up with plausible sounding but derivative ideas. This is the danger of pivots. A great point, that I haven't seen in too many places. I sometimes feel like we're seeing too many people who "want to have a startup" for the supposed fame an…
I think to really succeed at a startup is to make a product that is needed and that can be sustained throughout the years. To do so, you have to think long term.
Its ok to add the "new hotness" to your business as well, but it shouldn't be what the core business is about.
Facebook's success was not because they added photos, IM, pokes, likes, it was because there was a solid platform to find people. Sure those other features helped promote and enhance the product, but without the focus on the #1 goal (making it easier to connect the world) that platform could have easily gone by the wayside.
> Thanks to Paul Buchheit, Erica Carpenter, Brian Chesky, Adam D’Angelo, Drew Houston, Justin Kan, Matt Krisiloff, Aaron Levie, Gabriel Leydon, Jessica Livingston, Dustin Moskovitz, David Rusenko and Colleen Taylor for contributing thoughts to this. ^ this group + @sama... wow. Terrific advice from an amazing list of credible people.
(This got published a little early because it got indexed. I'm still going through and fixing some typos and will maybe add a few other things.)
And BTW, thanks for all the info YC has been putting out there for free.