A Decade of Learnings from Y Combinator's CEO Michael Seibel

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Michael Siebel is the best friend that i have never met

doncorleone
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I think the best thing about YCombinator is how much clear and precise information they have released for free without any strings attached, without any bs. It is really fascinating actually.

nonefvnfvnjnjnjevjenjvonej
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Some of Michael's Top Learnings:
- Assuming raising successful seed round means you've hit product-market fit
- Taking on too many problems / products
- Not understanding business model (example: pricing for SMB, but selling to Enterprise)
- Not understanding when it's right time to sell
- Assuming investors will be LARGE differentiator
- Not establishing best practices around hiring (i.e. intelligent interview process, clear mission/culture, roles/responsibilities)
- Not establishing best practices around management
- Not creating transparency around how the business is doing (business KPIs and product KPIs)
- Not clearly defining roles/responsibilities between the founders
- Not having level three (intense, but pragmatic) conversations to alleviate tensions between founders
- Assuming Series A will be as easy to raise as seed/angel rounds

sskohlhoff
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I'm a simple man. I see Michael Siebel and I throw an upvote.

tonebalone
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*Chapters*
YC stats & info: 0:20

*10 Failures in YC*
1. Assuming that raising a successful seed round means that you reach product market fit : 1:33
2. Hiring too quickly: 3:11
3. Not understanding your business model 5:05
4. Not understanding when it's the right time to sell for a tech startup : 6:01
5. Assuming investor will be a last differentiator : 8:29
6. Not establising best practice around hiring : 10:46
7. Not establishing best practices around management: 12:37
8. Not clearly defining roles/responsibilities between the founders: 15:06
9. Not having level three (intense, but pragmatic) conversations to alleviate tensions between founders: 16:25
10. Assuming Series A will be as easy to raise as seed/angel rounds: 17:45

*Last thought* 23:15
Most of the company has a good thesis or hypothesis how they can be big but because of these 10 problems

*Last fun quote* 25:15
"The good time feel bad, and the bad time feel bad(too)"

zetendra
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easily the best video for startups i've ever seen. every single point of advice he has is 100% correct. this dude knows what he's talking about

lootyhaga
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Anything the YC folks have to say is valuable. Michael is exceptional. I've done numerous small startups and one small IPO. I wish I could have had this advice 25 years ago.

howardmarles
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This guy's pretty amazing, so clear and succinct and well structured

wdai
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The quality of this talk is off the charts.

CO_
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Pretty succinct, valuable experience-based. Thanks! We are living through the journey. The highs are very high and the lows are very low, but I wouldn’t change a thing about the experience we are gaining on this journey. 👊😉

nicafaustinoVC
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Points worth giving a thought.
Why not ? He's the man behind combinator

PrinceKumar-hhyn
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Hi Michael as a startup at the commencement of the journey found your information invaluable

thecryptoplayground
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You are a wonderful speaker and a thoughtful guy. Really enjoyed

JosephProsnitz
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Michael, Thank you so much. Great advice and I was very excited to share this with my team.

markrussellfilaroski
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This is gold, like everything else that comes from him

HandcartRule
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A few minutes into this video, I smashed that subscribe button. Need more content like this! Thank you

DrewRoberts
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Every time I see Michael, I like him more

LordNases
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this guy one of the few people that I believe in business advices

ahmedalhisaie
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He's just an awesome and a simple person.

edungdivinefavour
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Love Michael’s lectures, it’s so useful

mariag