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just a friendly reminder that you do not need to build a billion dollar startup to achieve wealth & status. sometimes building something that makes 1-2mn a year is the right move.
Can anyone recommend one of these local event apps he was talking about? Been looking for one for a while, i actually considered making one.
As a Y Combinator partner for five years, it never failed that some hundreds of applications every single time were for local events startups.
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But I do think picking an idea from direct experience seems to work extra well, having funded hundreds of startups and seen what works and what doesn't.
Haven't watched the whole thing yet, but I will push back on some of the popular mythology that everyone thought successful startups we're just toys or would fail in their early days. IMO that's mostly bullshit. Amazon, Google, Uber, Facebook (despite some cherry picked article from the video about it never being able to hit profitability) were all hugely popular right off the bat, and indeed, many people saw them as…
MySpace was massive when Facebook was a year or two old. I had accounts on both and MySpace looked way more attractive compared to FB (it had the feel of Instagram). So no, FB did not take over overnight. And even a few years into FB, no one (yes, no one) knew that FB will go past MySpace and there will simply be no comparison between the two 10 or 15 years down the road. When FB took over MySpace a full FOUR years i…
Earlier quoted context omitted.
Exactly!! I always wondered why it took so many years for someone to figure out a revenue model for couchsurfing ('couchsurfing' website started in 2003 and AirBnB in 2008). AirBnB is just that (atleast at start)
Actually there is no fundamental difference between VRBO.com and Airbnb.com, with VRBO predating Airbnb by a lot, except for a more slick execution. Edit: Per Wikipedia VRBO was launched in 1995.
User experience and design matters a lot.
just a friendly reminder that you do not need to build a billion dollar startup to achieve wealth & status. sometimes building something that makes 1-2mn a year is the right move.
I'd like to offer a counterpoint to starting a billion dollar startup, instead of trying your best to be a billionaire - you can pursue multiple small bets that can pay you better than your current full time job. That way you don't have to sacrifice your interests for financial independence. I spent the last 2 years working on a research heavy startup that I felt would change game development forever, it was hard fro…
Earlier quoted context omitted.
Actually there is no fundamental difference between VRBO.com and Airbnb.com, with VRBO predating Airbnb by a lot, except for a more slick execution. Edit: Per Wikipedia VRBO was launched in 1995.
Same with stackoverflow. I remember thinking when reading Joel saying they were doing this "what's the point, I can find answers on the web already"
Haven't watched the whole thing yet, but I will push back on some of the popular mythology that everyone thought successful startups we're just toys or would fail in their early days. IMO that's mostly bullshit. Amazon, Google, Uber, Facebook (despite some cherry picked article from the video about it never being able to hit profitability) were all hugely popular right off the bat, and indeed, many people saw them as…
All this hoo haa about startup ideas - Just make products that excel at every aspect of what it does and make sure there is a demand for such a product. I see people making a better soap dispenser, the hardware equivalent of what most SaaS startups are working on. You need to invent a new kind of soap that is better than anything else out there. It should take the grime off of everything from kitchen to bathroom scum…
I'm doing YouTube mainly to directly get the things I think work for founders out to people, just to help. So, I'm with you— but you have to understand my intention for the videos is to be something very different than those millionaire books.
Ideas are rarely the problem. It's the execution and commitment.