If It Takes More than a Month to Build it's not MVP | Y Combinator Partner Michael Seibel

Michael Seibel currently works at Y Combinator as a full-time partner. Previously, he was a co-founder and CEO of Justin.tv from 2007 - 2011 and the co-founder and CEO of Socialcam in 2012. During 2012, Socialcam participated in Y Combinator, raised angel financing from a group of amazing investors, and sold to Autodesk Inc. In 2014 Justin.tv became Twitch Interactive and sold to Amazon.
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[@wise5674]

I've never seen so many people intentionally miss a point. The iPhone example wasn't given as evidence that Apple did the right thing. It was given as evidence that the first version of anything is going to suck.

[@arshak8036]

This is great thanks

[@waltondornisch7662]

Michael's a cool breeze.

[@glxbe]

comments section: intentionally missing the point because of the example used

[@olemew]

In all fairness, it was a bad example.

[@louggy2000]

@@olemew The lesson here I think is We are all humans and we will all make mistakes. The fact that someone has great accomplishments under tehri belt does mean they can not be wrong. The problem is that most people tend to look up to people who has proof of greatness under their belt and tend to take everything they say as they were coming from God, sometimes unconscioulsy. The truth is they can be wrong and it is ok if what you stand for or believe is different from people you respect, and you really need to believe that. If you were wrong, you simply should admit that and make changes and move forward. I feel unease about some of his statement but I still respect his ideas and understand that I do not have to agree with everything he says.

[@thierrymilard1544]

I only agree very moderally in the Iphone version 1 example. 1) All people who watched IPhone presentation of iphone 1.00 could feel it WAS, it FELT really like revolutionnary product. html on a portable device.. wahoo ! 2) It was absolutly NOT an MVP product : They spent years doing it. They itarated a lot.It is very a mistake to image iphone 1.00 was an MVP.

[@subomioluwalana]

I mean that's clearly not a fair comparison. A software product vs. a hardware & software product?

[@jugjivan]

Software vs hardware. Also they had a bunch of different iPhone prototypes up on stage when the iPhone was announced. They had yet to complete a finished product. So it basically comes down to the same idea. Also iPhone was made by a multimillion dollar company whereas MVPs are geared towards new entrepreneurial ventures.

[@AmadTheMarketer]

Can someone please explain the reasoning behind the Delaware C-Corp?

[@vishwapandian4499]

From what I know we incorporate in Delaware because the laws in that state is the most friendly for businesses. Most big companies are incorporated in Delaware like apple, google, etc. And usually start-ups want to be C-Corps because they can issue stock and get investors easily I think

[@vishwapandian4499]

The alternative could be an LLC, which can’t issue stock, so ownership can’t be divided easily after the formation of the company. Startups usually rely heavily on dividing ownership in the beginning, such as for new team members, stock options instead of a high salary, and ofc investors

[@ExopMan]

I registered my startup as an S-Corp in Connecticut (where I live), how do I become a Delaware C-Corp and is it an absolute must?

[@fabienkeller7229]

Google it.

[@youtubeuser5253]

it's been 4 years, how is it going

[@Arestkaramazov]

No all the water that comes out of the fountain is good to drink.

[@Loppy2345]

Uses iPhone as an example of MVP. Then says if it takes more than a month to build, it's probably not an MVP. Nice logic.

[@rv8804]

Not true its known that the iphone that Jobs used to present didnt actually work. It was an MVP/prototype when they showed it to people to gauge their interest.

[@georgescott6049]

@@rv8804 And he had about 6 of the prototypes on stage... because each time he gave a test presentation the prototype would lock up. His plan was to show as many features as he had phones showing one feature on each assuming that it would lock up each time.

[@shonshaji4416]

Atleast think before you open yo mouth 🤦🏽‍♂️

[@UsernameR8]

You🤡

[@paulholsters7932]

So creating twitch is the same as a no code tool and their mvp should take an equal amount of time? Sounds untrue.

[@marcusravi1684]

I built my MVP in 33 days bruh .

[@sonoezezimoto862]

Thats more than a month

[@crazieeez]

iPhone 1.0 took Steve and company more than 2 years to build. I don't think it took Steve and company less than 1 month to build.

[@zxenon_]

"if it takes more than 1 month to build, it's not an MVP"... is that true in every situation?

[@keshavnemeli]

no. lol.

[@Marco-er4ql]

The point is that you should have your mvp done as soon as possible

[@microvrml]

No because there are product ideas that are more complex

[@bigdlamz]

Try building a flight simulation MVP in less than a month

[@zxenon_]

@@bigdlamz 😒

[@mariomarevic89]

Sometimes founder doesnt have money for launch product

[@clintonharold8375]

This is the stage I’m in right now. All We need is 28k to run from building up to market entry and customer acquisition but it’s taking a serious toll on us ..

[@biltriq2332]

@@clintonharold8375 hey man any progress.

[@jennys6087]

Well it seems communication is key! Your a quitter, quit SUGAR... resume healthy!

[@UsernameR8]

You’re

[@SpiritsBB]

If it takes more than a month to build, it’s probably not an mvp - says the senior engineer with 99 years of experience. Oh wait, that was Justin. He’s uh, what did he do again?

[@kingdomcitizenship5613]

KZbin and Microsoft quickly copied Twitch's idea

[@billyz9448]

Haha he discredits himself in his own examples. "MVP in a month" "iPhone 1 was MVP" iPhone 1 took longer than a month pal...