A very nice read as always. Footnote [4] is a bit off-putting though "[4] What should you do if your true calling is gaming the system? Management consulting." Management consulting probably has more opportunities for gaming the system than startups do, and I concur. However, my friends who work at management consultants, from what I can tell based on anecdotal evidence, mostly perform value adding work for their cli…
You can add value by gaming the system. Gaming the system is a mean, not a goal.
Before the Startup
41–50 of 169 posts
Re: Before the Startup
#42A very nice read as always. Footnote [4] is a bit off-putting though "[4] What should you do if your true calling is gaming the system? Management consulting." Management consulting probably has more opportunities for gaming the system than startups do, and I concur. However, my friends who work at management consultants, from what I can tell based on anecdotal evidence, mostly perform value adding work for their cli…
You can add value by gaming the system. Gaming the system is a mean, not a goal.
Re: Before the Startup
#43Re: Before the Startup
#44Can this advice be generalized to other creative endeavors in general? There's an interesting article by Scott Alexander, "Negative Creativity" http://slatestarcodex.com/2014/08/05/negative-creativity/ "It is said that one of the highest-level and most awe-inspiring of rationalist skills is Sitting And Thinking About Something For Five Minutes. The sitting part isn’t that difficult. It’s not even that hard to…how sho…
Re: Before the Startup
#45> Yet when it comes to startups, a lot of people seem to think they're supposed to start them while they're still in college. Is PG seriously implying he doesn't know where college students got the idea that they should be founding startups instead, after spending the last ten years telling them to?
"The three big powers on the Internet now are Yahoo, Google, and Microsoft. Average age of their founders: 24. So it is pretty well established now that grad students can start successful companies. And if grad students can do it, why not undergrads? (...) The less it costs to start a company, the less you need the permission of investors to do it. So a lot of people will be able to start companies now who never coul…
Re: Before the Startup
#46Can this advice be generalized to other creative endeavors in general? There's an interesting article by Scott Alexander, "Negative Creativity" http://slatestarcodex.com/2014/08/05/negative-creativity/ "It is said that one of the highest-level and most awe-inspiring of rationalist skills is Sitting And Thinking About Something For Five Minutes. The sitting part isn’t that difficult. It’s not even that hard to…how sho…
I find it much more natural to walk/run and think about a problem. I don't know what you need to do when you need to keep notes and look at numbers while approaching the problem, you can't do that on your iPhone while walking, but generally speaking running/walking disconnects my brain from my body very effectively. So all I need to do is focus on the problem, but doesn't take as much as effort as it would take if I…
Re: Before the Startup
#47The bootstrapper crowd (Amy Hoy, patio11, etc) often level this as a criticism of VC-backed startups -- that they are a gameable system, a series of hurdles from accelerator to series A to series B to acquihire. Whereas (they say) bootstrapping isn't gameable, it relies on making something users want, and it teaches you to deal with raw reality head-on. [1]
Maybe they are only looking at a dysfunctional subset of VC-backed startups though? One common pattern seems to be that a person enters a particular field, notices that many people around them are unimpressive and focused on perception, "networking" and system-gaming -- and concludes that the field is corrupt.
But in actuality, they'd only seen the bottom tier of the field, and the higher tiers have more genuine talents who also despise bullshitters.[2]
[1] http://unicornfree.com/2012/why-blacksmiths-are-better-at-st...
[2] I'm thinking specifically of academia as another example of this pattern. Since bullshitters do manage to reach the higher tiers of both startups and academia, there's a genuine question as to whether the bullshitters will someday come to dominate both of these areas, and whether this has already happened. By definition, a field that has been taken over by bullshitters is not going to let you know that this has happened.
Re: Before the Startup
#48So this is the third counterintuitive thing to remember about startups: starting a startup is where gaming the system stops working. Gaming the system may continue to work if you go to work for a big company. Depending on how broken the company is, you can succeed by sucking up to the right people, giving the impression of productivity, and so on. [2] But that doesn't work with startups. There is no boss to trick, on…
Re: Before the Startup
#49Re: Before the Startup
#50Earlier quoted context omitted.
No, PG built that not by giving advice to founders, but by selecting them.
How did he get into a position where he has his choice of founders? He built the empire by offering mentorship, money, and community (which is peer-to-peer mentorship). In the beginning, the draw wasn't money because they didn't offer much of it.
I would argue (and I'm sure that a lot of people would disagree), that one of the most important things that YC does is give budding entrepreneurs a chance to just get away from everything else in their life and completely focus on their startup.
He also caveats a lot of his points by saying that honestly, he really is never particularly certain which startups or set of founders is really going to take off.
At the end of the day, it's really up to them.