How to START a STARTUP with Michael Seibel (Reddit, YC, Twitch)
Interested in starting a startup? In this video, YC’s Michael Seibel shares valuable insights on how to start a successful business from scratch.
Welcome to our channel! In this video, Michael Seibel, CEO of Y Combinator, provides a comprehensive guide on how to start a startup in just 15 minutes. Whether you’re an aspiring entrepreneur or already in the startup world, this video is packed with invaluable advice and insights.
Michael covers:
1. The importance of having a technical co-founder.
2. How to brainstorm and validate your startup idea.
3. Key steps to building an MVP (Minimum Viable Product).
4. Strategies for achieving growth and gaining traction.
5. Tips for fundraising and dealing with investors.
6. Essential operations and hiring practices.
7. Don’t miss out on this quick yet powerful session to jumpstart your entrepreneurial journey!
Chapters
00:00 – Introduction
00:12 – Requirements to Start a Tech Startup
01:08 – Ideas and Problems to Solve
02:12 – Launching the MVP
03:12 – Achieving Growth
04:24 – Doing PR Yourself
05:20 – Fundraising Tips
06:00 – Controlling Operations and Costs
07:04 – Hiring the Right People
08:24 – Conclusion
10mins of pure quality content . Zero fluff
"Every new hire should increase the average intelligence of the company" is good advice that will help any organization – startup or Fortune 500.
1. 2-4 founders with 50% tech background and can be freinds with job left and 1 year financial security
2. idea- focus on daily or weekly problems
3. market size- figure out it.
4. legel aspect of register and funding
5. MVP- most viable product (2nd thing to screw up company , first is Teams) how fast can you get something into peoples hand- 2 months good, 2 weeks better..just launch it and then iterate
6. growth- usage= sharing(if ppl are using your products then thats the great thing they are sharing it ), ads, refernce customers,
7. PR
8. Funding- IF YOU DONT NEED MONEY , PPL LOVE IT TO GIVE YOU. SO BE IN THAT SITUATION. be as frugal as possible.. – speed is very imp..ARRANGE fund week . dont arrange it serially like one week , on meeting..then 2nd week , 2nd meeting…create FOMO..build momentum
9. have growth..having growth is th eonly single solution to every problem
10. be super fast. and use less money
11. increase the avg talent with each hire- founder- smart + willing to take risk, first few empolyee- more smarter but willing to take less risks..
12. be fair and transparant while offering.
13. Hire Slow- you can do a lot with just founding team..