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- The most successful founders are focusing on 2 things: building their product and talking to their users.
- Founders can easily be distracted with non-important things in the early stage.
- By talking to big companies to form partnerships, attempt to get better distribution
- Do a lot of PR before the product is laid down
- Talking to corp. devs
- Take meetings with investors when you’re not in fundraising mode
- Going to conferences, networking events
- Measure if people are paying for the product.
- The most successful startups were super-focused during YC.
- No founder can predict how big they’ll be later on (e.g.: airbnb founders didn’t predict that).
- Great startups start with “Let’s build that product that people will love, and see where it goes”. However, the most successful ones have a grand vision (e.g.: airbnb wanted to become the “eBay of space”).
- Jessica is in the mind of “let’s get started with something”. The idea will always evolve later on.
- YC was afraid of what investors were doing in 2008. So they focused on accepting only startups that may come quick to profitability. Hence their belief in airbnb.
- airbnb founders were hosts themselves as they couldn’t pay their rent. Great founders dog-food.
- No investor believed in the airbnb idea. YC made a bet on airbnb founders, not on the idea. An investor even walked out of the room while airbnb founders were pitching, without saying a goodbye.
- It’s important to be flexible-minded/open-minded to be a founder.
- It’s critical to be a good speaker since your whole world is about convincing people (investors, clients, etc).
- There’s a lot of unglamorous work founders have to do at the beginning. Be ready for that.
- You cannot be a great founder if you’re driven by money. You have to be driven by what you’re striving for.
- If you are not ready to start a company now, go work for an early stage startup. There’s so much to learn there that can be useful on a later basis.