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Y Combinator's Message to Founders

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Re: Y Combinator's Message to Founders

#31
post #9

Earlier quoted context omitted.

Lots of startups provide needed products and services. I don't think that's enough. They need to provide needed products/services in a way that can be sold/marketed profitably, and scaled profitably.

Yes. I always need 1 dollar for 95 cents.

Good, unless inflation stays high

Re: Y Combinator's Message to Founders

#33
post #2

Can anyone post a copy with intact links?

"Default Alive" - http://www.paulgraham.com/aord.html "pre-product market fit" - links to a list of resources: - The only thing that matters by Marc Andreessen https://pmarchive.com/guide_to_startups_part4.html - What is “product/market fit” by Emmett Shear: https://twitter.com/eshear/status/1155180521485242368?lang=e... - Andy Rachleff on “How to Know If You’ve Got Product Market Fit” https://greatness.floodgate.com…

Thanks for sharing. Would be cool if you could share some of the Series A Milestones.

Re: Y Combinator's Message to Founders

#35

I am currently graduating with a CS degree and interpreting this as a warning to not accept the offer from the exciting startup and instead accept the offer from the big corporate fintech company. Is there any reason I could be wrong?

It depends on your appetite for risk. But fintech means you’ll have a job in 2 years (likely). Nothing is guaranteed.

Re: Y Combinator's Message to Founders

#36

I am currently graduating with a CS degree and interpreting this as a warning to not accept the offer from the exciting startup and instead accept the offer from the big corporate fintech company. Is there any reason I could be wrong?

I started in the big corporate company and now work for the exciting startup.

You want to maximise your learning, as long as there isn't a massive salary discrepancy try to have a lengthy chat with your future tech lead and pick the one that seems better - ultimately this is the person you'll be learning from the most in the next few years.

And also, don't be scared to quit or change teams early. Don't stay longer than you have to.

Re: Y Combinator's Message to Founders

#37
post #21
post #9

Earlier quoted context omitted.

Yes. I always need 1 dollar for 95 cents.

You joke, but a 5% ROI isn't bad YoY in the long run. Especially if it's low risk.

With 8% inflation it is essentially better to stuff your bed with some commodity than go for 5% ROI.

Re: Y Combinator's Message to Founders

#38
post #27
post #8

Earlier quoted context omitted.

> I think the era of stupid money chasing silly ideas are over It's quite possible that this era of that is over, but I'll eat my hat if another era of stupid money chasing silly ideas doesn't spring up within a decade.

“Yeah, but this time it's different!” - Someone in 5-10 years.

Web 5.0: This time it’s personal!

Re: Y Combinator's Message to Founders

#39

I am currently graduating with a CS degree and interpreting this as a warning to not accept the offer from the exciting startup and instead accept the offer from the big corporate fintech company. Is there any reason I could be wrong?

There are plenty of startups that will weather this storm, and you’re going to have a lot more actual accomplishments on your resume, and actual experience building things from a year or two at a startup.

Just be pragmatic about what companies you pick, the companies I view most skeptically during the downturns are the ones that cater to startups, like dev productivity startups, or those startup credit card companies, and given the chaos in the crypto markets, those don’t look like safe bets to me either. You can always ask about the company’s run rate, profitability, and war chest. They might not show you, but that is a sign also.

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