Dalton Caldwell and Michael Seibel discuss Paul Graham’s essay “Default Alive or Default Dead.” They share strategies to cut your company’s burn rate and keep your startup alive to see another day.
Paul Graham’s essay: http://www.paulgraham.com/aord.html
Trevor Blackwell’s startup growth calculator: http://growth.tlb.org
Apply to Y Combinator: https://yc.link/DandM-apply
Work at a Startup: https://yc.link/DandM-jobs
Chapters (Powered by https://bit.ly/chapterme-yc) –
00:00 – Introduction
00:23 – Default alive or default dead
02:14 – The calculator
02:59 – Founder’s distraction – Fundraising game
07:32 – Fundraising leverage
09:57 – Math are different
11:29 – Kill or cure
15:37 – The fatal pinch
19:22 – Tough decisions when default dead
19:40 – Headcount
20:46 – Ad Spend
22:50 – Raising prices
25:16 – Personal bankruptcy – Taking a big hit to growth rate
26:28 – Twitch’s pirate ship
32:22 – Takeaways
32:27 – Survive to thrive
33:15 – To burn or not burn
34:06 – 10x better if operationally intensive business
#ycombinator #startups #burnrate
When was your startup on the verge of dying? What methods did you use to save it?
cc in portuguese pleeaasseeee
the two man I genuinely ❤️ . After all , people like them takes all of us from 0 to 1 .
I haven't missed a single episode with Dalton and Michael. You guys bring the P into Practicality
Good stuff here!
This is a great conversation about the balancing act that entrepreneurs walk with financial viability!
I'm a huge fan of this series. I can'r stop watching it everyday while laughing and thinking at the same time. Please keep making these!
Great video and important advises.
I really love Michael what a big heart he has. I love Dalton too. This is great. Great chemistry. Excellent info. So helpful. Bless you.
Glad to see that you guys are finally talking about building responsible businesses. This addiction to OPM and its glorification by the investment community has pushed many solid business ideas down the drain. In the last 24 months, many startup founders were more focused on raising their next round rather than figuring out their product and the business model. Glad the easy money dried up! Let us get to the basics.