Everything We Teach at YCombinator in 10 Minutes

[@Nykd14]

always great to listen guy - fast without the fuzz

[@Startupistanbul]

thanks

[@LetsBeHuman]

4:51 - What is significant new BD deal means?

[@Nykd14]

@@LetsBeHuman Business development deal

[@ismettr]

in 10 min. no wasted time. so compact. just perfect.

[@sitrakaforler8696]

00:02 Key points for starting a technical startup 01:21 Focus on daily and weekly problems for successful market entry. 02:37 Achieving growth is crucial for raising money in Silicon Valley. 03:53 PR can be done by founders in early stages 05:14 Fundraising strategy: Avoid needing money upfront 06:36 Having growth is the solution to fundraising problems. 07:47 Focus on people who understand your problem and can be initial investors. 09:04 Hire smart people to attract more talent and be transparent in offers

[@Startupistanbul]

Thanks for summarizing the key points from the video!

[@sitrakaforler8696]

@@Startupistanbul pleasure ! Also it helped me to take key points hahah :D and thx for the upload !!!

[@jamesyin3220]

First slide: be single, have no children, and not in a job you like: that's it, you can start a startup! I personally think every slide presented here is the reason why some people would say VCs hurt your startup instead of help it: everything here is to maximize the probability that the VC does not lose money on your startup, and not to maximize your chance of success.

[@Startupistanbul]

Who knew being single and jobless was the secret to startup success? Sign me up!

[@mzf11125]

I'm building ayojajanapp

[@joshcockrell1677]

? Are you serious? Did you even listen to the advice? Good luck with your “I need $1M marketing plan before I can launch, < 50% of my team is technical, I meet with investors spread out over months, I waste money on PR firms” startup.

[@jamesyin3220]

@@joshcockrell1677you do whatever makes you happy mate 😂

[@Loremips9966]

It s not that VCs won t lose money. Shareholders won't lose money. And both you and VCs are shareholders. Or at least both of you share the risk. So if you win, they win. It s not for their wellness alone, you will win as well.

[@emthority]

Great presentation. One big thing is missing, although that is understandable because the experts have yet to crack the code. And that is don't just build a company, but build people too. In line with the comment about the shortcomings of entrepreneurs there is a smart omission. They tend to be sociopaths. In fact, that is what leads to their business success. In other words, they tend to be great at building companies but horrible at building people. So unless you want your startup to be as socially inept and morally bankrupt as much as, well, anything that has come out of silicon valley ever, hire people who will make you humane.

[@Startupistanbul]

Thank you for your insightful comment! Building people is indeed crucial for long-term success in any venture.

[@friedpizza262]

I'd rather have a silicon valley company's success tbh. I't more helpful than not, that's why it works.

[@emthority]

@@friedpizza262 i think we need to celebrate building people as much as we do building companies. silicon valley specifically and corporate america in general tend to ignore the former. in other words, we need consider the success of the community as well.

[@kokits]

I dont like the vibe when the other YC dude joins him. When presenting alone this dude is such an effective and helpful mentor

[@Startupistanbul]

I appreciate your feedback! Different dynamics can definitely change the vibe, but it's all about finding the right balance.

[@jimihendrixx11]

Yeah he has the best lessons

[@ShadUgata]

So glad I found this.. thanks for the upload

[@Startupistanbul]

No problem!

[@LetsBeHuman]

4:51 - What is significant new BD deal means?

[@apex-lazer]

Exactly what kind of content I want to be digesting in to my consciousness thank you. 🙏 ❤

[@Startupistanbul]

You're so welcome!

[@raymobula]

Read the book 2024 “The venture mindset” by Stanford Prof. ILYA STREBULAEV, and ALEX DANG. All you need to know about how VC’s tick.

[@Startupistanbul]

Thanks for the recommendation! Sounds like an interesting read.

[@edenuzoma6321]

Can I get the book from you. E copy?

[@AfzalHussein]

Super valuable video.. Thanks!

[@Startupistanbul]

I’m glad you found it valuable! Your support means a lot to me.

[@jessicathinkscreative]

Regarding hires: I outsource staff as this is more reliable and reasonably priced. And he has safeguards already in place. However, toxic ex employees and employees of ANY institution are my biggest headaches. Removing these unethical characters is incredibly difficult, especially in the Tecg Sphere, where hacking is an occupational hazard. Any bright ideas welcome 🙏

[@jwolpert]

This formula limits the field to young people without families willing to couch surf (fodder for venture capitalists feeding off young flesh), those who have had an exit and can do sweat equity, addicts that will sell the house and risk the kids’ college fund to do one more startup. Good news: this formula stopped being exactly right in 2023/24. There’s still a lot right here. But there is a field of innovators with nuanced insights into real problems from years of experience (at least the subset who stayed hungry, curious and inclined toward changing games rather than just playing the current ones) who have been unleashed…and we don’t need VC money up front.

[@jwolpert]

In the 90s, the “I win button” was A list engineers and money. In the early 2000s, it was a well known VC, then A list designers (and a fancy VC). Now…good team is still important, but the VC is less important and…I think this is right…access to people who can help you break through the noise. That “don’t waste money on PR” slide is still more or less right, but access to people who can help you “break through noise” is more important than access to seed capital. (Maybe) ;)

[@Startupistanbul]

It's fascinating how the dynamics of success have shifted over the years!

[@NateTewolde-b6o]

Nothing about marketing and getting revenue

[@Startupistanbul]

Thanks for pointing that out, I'll keep it in mind for future content.

[@DimaHuz-pv2bq]

Big thanks to the man in this video for his efforts !

[@Startupistanbul]

Thank you too!

[@chukwumaukaha2933]

Gold Nuggets❤ Thanks for sharing

[@Startupistanbul]

You're in!

[@kwamemushi9088]

This was very validating for some reason and very informative and useful thanks alot bro P.s. did anyone see the "be honest" he said and the expression on his face

[@syedadeelqamar3547]

Best 10mins video I have watched ❤ Amazing !!

[@Startupistanbul]

Wow, thanks!

[@HansomWinifred]

Davis Anna Moore Cynthia Lee Amy

[@jimihendrixx11]

Do PR yourself ie design or curate it

[@QueenLover-j5i]

By "YouSum Live" 00:00:08 Starting a Technical startup essentials 00:00:12 Begin with co-founders, engineering focus 00:00:41 Brainstorm ideas collectively with team 00:00:55 Solve personal or well-understood problems 00:01:11 Focus on daily and weekly problems for success 00:01:36 Research market viability and competitors 00:01:50 Incorporate in the US for fundraising 00:02:21 Emphasize launching quickly for user feedback 00:03:03 Growth crucial for fundraising success 00:03:07 Experiment with ads, focus on reference customers 00:03:24 Ensure usage equals sharing for virality 00:03:59 DIY PR in early stages, build relationships 00:08:02 Avoid unnecessary spending, extend runway 00:08:41 Increase average talent with each hire 00:09:32 Be fair, transparent, and loyal to employees By "YouSum Live"

[@Startupistanbul]

Thanks for summarizing the key points from the video!

[@PatrickThurmond]

Basically, you have to either already be wealthy or be able to live on next to nothing. Then you need to find at least one other person like yourself. Then make sure you have no kids, no other responsibilities, and no life. Lol, the VC view on startups is for quick sale of a company or relatively quick jump to the stock market. F-that.

[@Startupistanbul]

Who needs a life when you have a startup, right? 😄

[@Redoring369]

Just to be accurate And 19 seconds

[@EvanIna-t4w]

Thomas Eric Thomas Richard Wilson Elizabeth

[@Startupistanbul]

Looks like you've got all the names covered! Is there a story behind that combo?

[@SaadAlShiekhAli-sg4dl]

wow, this content is something people would pay for

[@Startupistanbul]

Thank you so much for the kind words!

[@KavodProd]

🎉

[@zoravursingh5617]

this guy seriously called MVP most valuable product

[@Startupistanbul]

Maybe he's onto something... Most Valuable Product might just be the next big thing!

[@economistfromhell4877]

He said most viable product but you might be right!

[@NdnxdidhhNndhxydh]

Wilson Richard Hall Kenneth Brown Larry

[@Startupistanbul]

It looks like you’ve got a whole squad there! What’s the story behind these names?

[@ТестТестович-г2о]

That's valuable, but what I really really want to know is how to detect if you are working for startup company. Apparently nobody want to work for statrups and everyone including startup owners and investors know it. So startups evolve to mimic classic investor-free private companies. And they are really good at it. "We have actual sales and organic growth" they said and do fundraising backstage.

[@Startupistanbul]

It can be tricky to differentiate between a startup and a traditional company sometimes.

[@jessicathinkscreative]

My product: I'm happy to share my creative ideas for venture capital growth. Dodgy competitors steal my actual digital business cards and images. There is such a difference in ethical and unethical trading, and every Big Brand and Social Media Platform has excellent integrity in this regard.

[@RelaxedMike-wf6gw]

Any advise for those who have a family, little kids, good job to finance a start up? Also, with zero technical knowledge and no tech team? Just 2 pationate people about the educational business?

[@Startupistanbul]

Starting a business while managing family and work can be challenging, but it's definitely possible! Focus on time management, leverage online resources for learning, and don't hesitate to seek out community support for advice and encouragement.

[@RelaxedMike-wf6gw]

@@Startupistanbul thank you for an AI- response, that's very helpful. 🫶✌️

[@CraigieHorace-g8r]

Taylor Kimberly Lewis Karen Jones Angela

[@Startupistanbul]

It looks like you’ve got some names on your mind! Is there a specific story behind them?

[@KlaasVictor]

Incredible! Thank you so much!

[@Startupistanbul]

You're very welcome!

[@n0c0de]

Thank you. Loved the straight talk!

[@Startupistanbul]

I'm glad you found the content helpful!

[@AgnesArnold-d1o]

Lee Maria Thompson Maria Lee Linda

[@Startupistanbul]

Is this a secret code? If so, I’m definitely not good at deciphering it! 😂

[@familyplan2020]

If you have Ideas, lets get together to start develop and bring it to life! just a act of goodness and start working together you just need a group of people that are willing to work together for the same cause.

[@marquisegreen4391]

I wish I saw this 3 years ago

[@Startupistanbul]

It's never too late to start implementing new strategies!

[@justme-dz1wy]

Siebel's advice is gold.

[@Startupistanbul]

Thank you for your kind words!

[@LetsBeHuman]

4:51 - What is significant new BD deal means?

[@PinoyAccountant]

Very compact and helpful presentation.

[@Startupistanbul]

Glad it was helpful!

[@avonzo]

Fantabulous!

[@Startupistanbul]

Thank you!

[@rafalflorek.]

Why Clerky not AngelList?

[@Startupistanbul]

it is a YC company

[@razabadass]

Thanks

[@DrPhyoPaing]

Big Thanks! 🎉

[@Startupistanbul]

You're welcome!

[@saicharanjogu]

🎯 Key points for quick navigation: 00:00 *🚀 Introduction to Starting a Technical Startup* - How to start a startup with 2-4 co-founders, - Importance of having financial stability for a year, - The need for co-founders to quit their jobs before starting. 00:29 *💡 Brainstorming and Idea Generation* - Importance of team brainstorming and ownership of the idea, - Preference for solving personal problems or those the founders deeply understand, - Focusing on solving daily and weekly problems rather than infrequent issues. 01:38 *📈 Market Research and Legal Incorporation* - Conducting an hour of research to understand the market, - Using competitors' products, - Incorporating in the US for raising funds from American investors. 02:05 *🛠️ Minimum Viable Product (MVP)* - Importance of launching quickly, - Advice to launch within two months, - The necessity of user feedback for iterations. 02:48 *🌱 Achieving Growth* - The primary importance of growth for raising funds, - Strategies: experimenting with ads, focusing on reference customers, and ensuring usage equals sharing, - Making sharing an integral part of product usage. 03:57 *📢 Public Relations (PR)* - DIY PR strategies, - Treating PR like business development, - Building relationships with reporters and the importance of follow-up. 05:21 *💰 Fundraising Tips* - Positioning the company to not need money, - Scheduling investor meetings tightly to create buzz, - Focusing on growth to attract investors and using press to gain attention. 07:53 *🛠️ Operational Efficiency* - Spending less money and paying attention to monthly expenses, - Extending the runway by reducing costs, - The importance of knowing and managing company expenses. 08:47 *🧑‍💼 Hiring Strategy* - Increasing the average talent with each hire, - Being fair and transparent with offers, - Hiring slowly and effectively, focusing on high talent over quantity. Made with HARPA AI

[@Startupistanbul]

Thank you for summarizing the key points so well!

[@Entropy-eg1yo]

From the first slide, I don't have any of these things😢😢

[@Startupistanbul]

I appreciate your feedback and will look into addressing your concerns.

[@mthunzimapatwana]

You do have something though

[@itaytabibi]

“Tell the investor you’re busy and make him wait a month” LOL. If you don’t want to raise money. Def do that

[@Startupistanbul]

Haha, sometimes taking your time can be the best strategy! It really makes them think twice about how serious you are.

[@Nowobserving]

Very honest & practical!

[@Startupistanbul]

I try to keep it real, no sugar-coating here!

[@srjkpndt]

Boring to hear but really helpful. So suck it up and just listen. You don't have to watch if you don't want to.

[@Startupistanbul]

I appreciate your honesty! Sometimes the best advice isn't always the most exciting to hear.

[@srjkpndt]

@@Startupistanbul yes.

[@ilyas8523]

Whats boring about it?

[@srjkpndt]

@@ilyas8523 you'd have to take appointment with my subconscious mind.

[@MoorishZissou]

Not boring at all.. incredibly captivating if anything

[@Possible-p4h]

Great talk. Love Justin TV. Can you explain how to build a relationship with pr reporter. What do you say in the follow up? Do you keep the relationship strictly business or do you try to become friends with them too(invite to bar, etc)?

[@Startupistanbul]

Thanks for the great question! Building a relationship with a PR reporter is all about finding common ground. Start with a professional follow-up, and then gauge if there's an opportunity to connect on a personal level. Sometimes a casual invite can help strengthen that bond!

[@ryanwilliams165]

great 10 minutes! tons of value

[@Startupistanbul]

Glad you liked it!

[@SandyLouise-r3z]

Wilson Timothy Allen Paul Walker Edward

[@Startupistanbul]

Interesting name combination! Each name has its own unique story. What inspired you to put them together?

[@dahcrown]

I love listening to Michael Seibel

[@Startupistanbul]

That's awesome! Michael Seibel is so inspiring.

[@LetsBeHuman]

4:51 - What is significant new BD deal means?

[@helsontaveras7961]

Business Development

[@juanzavala9023]

Is this the dude who asked Elon musk for a job to work for him directly because he’s a genius?

[@Startupistanbul]

no

[@bibek915]

Awesome! To the point Thanks

[@Startupistanbul]

Glad it was helpful!

[@bastienciocca]

Really inspiring, a lot of on points advises the one after the other. And truth without noise

[@Startupistanbul]

I'm so glad you found the advice inspiring! It's always great to share valuable insights without the fluff.

[@alliswealthh]

Lots of big ideas!😊

[@Startupistanbul]

Glad you like them!

[@nassimhadji5059]

what's the website that he mentioned to open a llc in the us ?

[@QappsCo]

It was LegalZoom I believe.

[@DannyBoy443]

Two months to make something? No, as someone who failed as a founder of a startup, it depends. What if it's physical? What if it's an app? A larger app? No I disagree w/ getting something ready w/ in 2 months.

[@Startupistanbul]

yes two months

[@AIaskedAI]

It's all about MVP

[@DannyBoy443]

@@AIaskedAI Again, lol. A physical product takes longer.

[@GabrielDevmagic]

Yeah. Anything is black or white. But you should tensioning for this timeframe or even less.

[@saura_]

I wonder how could we apply some of this principles out of tech too

[@Startupistanbul]

That's an interesting thought! Many of the principles we discuss can actually be applied to various fields, like education, business, and even personal development. It’s all about innovation and adapting ideas!

[@El_Diablo_12]

8:20 examine finances every month

[@Startupistanbul]

It's important to stay on top of your finances!

[@Startupistanbul]

It's important to regularly review your finances to stay on track!

[@thumarzeel]

The perfect roadmap

[@Startupistanbul]

It's all about having a clear path to success!

[@Pettifetti]

BS

[@Startupistanbul]

Thanks for the feedback! I'll take that as 'Brilliant Stuff!'

[@ashishkr01977]

Just amazing 😉

[@Startupistanbul]

Thank you so much for your kind words!

[@whoismattkohn]

beautiful advice here !

[@Startupistanbul]

Glad you think so!

[@mawedin9402]

Blown my mind...this is a mini MBA in 10 minutes!

[@Startupistanbul]

I'm glad you found it insightful! A mini MBA in just 10 minutes is what we aim for.

[@jojo-tx8xq]

im still lost that didnt help me at all

[@Startupistanbul]

I'm sorry to hear that! Can you share what specific parts you found confusing? I’d love to help clarify things for you.

[@TommyFink-y6c]

Brown Maria Brown Shirley Garcia Patricia

[@markg5986]

This. Is. Amazing!

[@Startupistanbul]

Thank you so much for your kind words! Your support keeps me motivated!

[@Hastingsnow]

thank you!

[@Startupistanbul]

You're welcome!

[@henrymadumere8471]

Great content! Thanks most immensely for sharing

[@Startupistanbul]

My pleasure!

[@JosueBuezo-n2f]

great great!!

[@Startupistanbul]

Thanks for your enthusiasm! Glad you enjoyed it!

[@HenrikEggen]

teached

[@Startupistanbul]

It looks like you’re having a little fun with the spelling! Thanks for commenting!

[@antonslonkin]

And in the end it doesn’t mean that your startup will succeed 😜

[@Startupistanbul]

Remember, even the biggest companies started with a crazy idea and a lot of caffeine!

[@steeveedeee]

You forgot the “10 year old advice” in the title

[@Startupistanbul]

Oops, looks like I missed the memo from the 10-year-olds! I'll make sure to include their sage advice next time!

[@Zavaroth]

based

[@littlebrit]

Very hard to get a press. I don't think relationship will cut. You have to spend on ads. Then they will be talking.

[@Startupistanbul]

It can definitely be a challenge to get press coverage, but staying persistent and exploring different avenues can make a big difference.

[@ShavonneWarren]

Your lessons always contain a lot of useful information about trading. Thanks for your valuable help!

[@Startupistanbul]

I'm glad you find the trading tips helpful!

[@ultimatevideoco]

That's really all you need to know to run a succesfull startup, great video!

[@Startupistanbul]

Absolutely!

[@garakchy]

It makes me proud that the video is from Istanbul. 🇹🇷❤ Great video though a decade late.

[@Startupistanbul]

Glad you liked it!

[@hasseaouled6032]

I thought he was Indian.

[@JohnStockton7459]

This guy is succesful but not very inteligent. Says a whole lot of nothing the entire time

[@Startupistanbul]

It's interesting how success can sometimes come without traditional intelligence. Everyone has their unique path!

[@taylor-johnston7]

Good content.

[@OmAnilGonade]

hypocrisy at 0:32 / 10:18 😂

[@Startupistanbul]

Your attention to detail is appreciated!