151–160 of 191 posts
I made some notes while watching/listening. Might include minor errors or misinterpretation on my side 4 critical parts: Idea, Team, Product, Execution 1. Idea -> Good startups take about 10 years -> Startup should feel like an important mission -> Hardest part coming up with great ideas: best look terriblea t the beginning (e.g. search engine, social networks limited to college students without money, a way to stay…
There's a book contract here somewhere.
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Get a job at AmaGooBookSoft. Execute competently, getting the standard bonus and equity packages. Continue for 10 years. Congrats, you're a millionaire. [This was even easier for folks who joined Google / Facebook between the times when they were clearly unstoppable juggernauts and when they IPOed.] Start a boutique consultancy with a buddy. Hire up until you get to ~8 employees. Continue for 10 years. Congrats, you'…
Really? 10 years at one of these companies (AmaGooBookSoft) and you're a millionaire?
There are easier ways to get rich? For Stanford Graduates, maybe. For those who don't have a degree in an ultra-paying job, I'd really like to know an easier way. I'm usually sceptical about start-up chances, I know how much work it means, and I know that a lot of early-stage employees get rich, too. Yet, I don't think you can get rich this fast/easy with a modest degree... Even as early-stage employee often you'll s…
Don't get me wrong I love Sam Altman I love y-combinator but a small part of me is thinking that a good first step to start a startup is to not watch that video and find your own way. Not because it's probably not great but because a startup is not a formula. Your path is your own.
I agree. It strikes me as a very inefficient use of an enterpeneur's time who wants to launch a business to first watch a series of 20 lectures about all aspects of starting a business. Just start doing it, and whenever you get stuck or need feedback ask someone whose expertise you trust for advice on a particular issue you're dealing with at that moment.
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I guess all the people downvoting this are from other incubators. Not sure why this is being downvoted.
Because your comment does not add anything to the discussion.
Probably the best way to know how to build a successful one is knowing how to build one that won't fail!
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There is a very big difference between actually breaking the law and exploiting the fact that the law is poorly written, and doesn't properly account for a a variety of issues starting to be used by a sizeable portion of all US corporations.
Sure, if you're amoral but don't commit any crimes, you'll go free. If you're amoral, commit a crime and don't get caught, you'll also go free. There's a difference in the eyes of the law, but I don't think abusing the lack of efficient legislation gets you off the hook for doing wrong, though. Extending this kind of reasoning leads to condoning such great corporate pioneers as Union Carbide and Dow Chemical (althoug…
Contrary to popular belief, not all tax evasion is created equal. A few hundred thousand by an individual is literally a rounding error to tax revenue. Take your tax crusade to Apple, Google, Amazon, Microsoft and the rest of the billion dollar club who are stealing your precious taxes by the hundreds of billions.
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So you're indicating a $250k salary, is that realistic?
Again, yes. You can choose not to believe that, but it's not in your best interest to do so. The market really is this good.
Let's assume the "big" guys (Google, Facebook, etc.) regularly pay average total compensation around $250k, so that patio11's remark is correct. So what? As many employees as they employ, they represent a small fraction of the number of people who are very well qualified programmers and engineers. Their salaries are by no means common. The market is good, but it's not that good.
I've been watching it for 8 minutes as of now and despite the fact that the content looks good it really bores me to death that he is reading the whole thing like a robot. It does not sound like a natural converstation or presentation. Does anyone else share this feeling?