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
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I am fighting with my start-up with my own.
Hi Anyone ready to quit the job to start up comment. May be we can think of something
Gold info for anyone that is starting off.
🎯 Key points for quick navigation:
🚀 Start a startup with 2-4 co-founders, focusing on those with technical skills and a financial buffer for living cheaply.
💡 Brainstorm ideas collaboratively, ensuring all team members feel ownership and are addressing personal, relatable problems.
🗓️ Focus on daily and weekly issues for your product, as these tend to attract more users and lead to greater success.
🔍 Conduct thorough market research to ensure the potential for significant revenue and familiarize with competitors’ products.
🚀 Launch your Minimum Viable Product (MVP) quickly—within two months—to gather user feedback and iterate effectively.
📈 Growth is critical for attracting investors, so create a buzz and engage with multiple investors simultaneously to instill a sense of urgency.
💸 Control expenses diligently and shed unnecessary costs to extend your runway and ensure business sustainability.
🤝 Hire talent smarter than yourself to enhance team capability, and be transparent about compensation and equity with early hires.
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“MVP – Most Viable Product” hahahaha
Not valid as of date
Why is it a need to have to have 1 year of ramen money and not high rise 1 bes room apt money?
I don’t have money but I already mvp , I can demonstrate