Notes from YC Startup School Europe
21–28 of 28 posts
Re: Notes from YC Startup School Europe
#22Earlier quoted context omitted.
In my opinion, the hardest question really is when should you throw in the towel? There certainly are a lot of zombie companies out there with founders toiling away on "bad" ideas with seemingly no hope of success, burning precious opportunity cost with each passing week, month and year. At the same time, one hears again and again that the successful founders are the ones who don't give up. That success comes from fa…
Great comment. Maybe I rushed into a superficial critique of the advice, but you wrote very well what My really doubt is. And gave me good new insignts also... Thanks
Startups are REALLY FREAKING HARD, but you are not alone. ;-)
Good luck!
Re: Notes from YC Startup School Europe
#23Earlier quoted context omitted.
Read up on the concept of a "luck surface area". You can start building it now no matter where you are. If you're the type of person who say, "I will just quit" you might not be the type of person that a VC wants to fund. I've heard it said (might have been from a Stanford ETL talk) that you should do a startup because when you wake up in the morning you absolutely can't do anything else. If I was a VC I would want t…
Well, i don't believe in "types of people". The Homejoy founder said she would have to quit if didnt get the money at that time. She would be of a different type then?
s/you're the type of person who/you would say/
Re: Notes from YC Startup School Europe
#24Thanks nqureshi for making these notes. Unfortunately, I couldn't travel to this Startup School and am really missing it (missed live stream, too, because I'm with my kids). I'm most curious to know if attendees enjoyed the talks and the overall event. I'd like to start looking forward to the 2015 version if there should be one :)
I can't say it was productive, but atleast we got to simulate a Silicon Valley -type of social environment for a day.
Re: Notes from YC Startup School Europe
#25Earlier quoted context omitted.
I guess it comes down to how far you're willing to push. If you do move to the Valley (as YC partners frequently advise you to), then you probably could get a meeting with Peter Thiel if you really tried. I mean if someone figuratively held a gun to your head and told you to, you probably could. I agree with the general point, though - you need a certain amount of baseline opportunity to be able to do this stuff. Tha…
No, i couldn't. Not until I had dozens and dozens of meetings with other entrepreneurs, then other infestors, create relationships, trust. I would need to spend all my current cash just to pay my expenses on the valley for the time to pull that out. And not working nearly enough to justify it. I mean, these asvice "work really hard" sounds like bs to me. As a lot of people who fails don't work hard. As luck isn't nec…
Re: Notes from YC Startup School Europe
#26Thanks for the notes! I couldn't open the live stream. About the notes, some of the advice feels great. But i just can't relate to it. I mean: Stripe - they weren't getting a lot traction, then Peter Thiel funded them. Homejoy - they were about to close, then Paul Graham gave them some money. Then everything else sounds like "good advice if you can get a meeting with some of SV legends". Specially the Homejoy one sou…
In my opinion, the hardest question really is when should you throw in the towel? There certainly are a lot of zombie companies out there with founders toiling away on "bad" ideas with seemingly no hope of success, burning precious opportunity cost with each passing week, month and year. At the same time, one hears again and again that the successful founders are the ones who don't give up. That success comes from fa…
At the end you are dealing with uncertainties, and trial and error is your basic tool.
A complementary action that I use in my company is having enough cash to play with new ideas until we found the right one. Probably a straigthforward cash cow is not a product but a consulting or development service.
Re: Notes from YC Startup School Europe
#27is there a recorded version which we could see, like the NY startup school?