Why Should I Start a Startup? by Michael Seibel

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0:00 - Why Should I Start a Startup?

2:00 - Three types of people: people highly motivated when working for themselves, people that could succeed starting a startup or within a big company, and people that could succeed within a big company.

6:00 - How do you decide what type of person you are?

7:30 - Identify bias in advice givers

10:30 - Peer advice becomes less valuable during college

[MagnusAnand]

Michael is so articulate. I can be all day listening to him

[jasongrig]

"as a founder almost by definition the thing we are good at is the thing you stop doing". shockingly true

[richardmatthews]

I literally just came across Y Combinator as well as this YouTube Channel and Michael is a G! Love him already!

[leanprogrammer]

Great vid very informative
All negotiations are based on information asymmetry (buyer - seller, employer - employee..).. and I totally agree with the idea that we're not all productive in a box

[jdavidson]

I think the problem with the 1%, 1%, & 98% theory is that it assumes people can't change during their lifetime. We have different experiences as we get older that greatly influences and changes our outlook and drive as we progress. Using Michael's example, you may think that you do thrive in an unstructured environment until you don't. It's never a forever thing.

[tcsiwula]

Great point about the machines later two objectives. Really great points too about the one to many relationship after college. Quite visual.

[letsgosean]

Thank God for Michael Seibel. Love him.

[pratikkumar]

Question: what if you know you're most motivated in an entrepreneurial setting, but history tells you that you're more productive in a corporate environment, even if you don't enjoy it? What's your advice for such?

[Weensy]

one of the best video ive seen about 9 to 5 and entrepreneurialship

[sun-ship]

I'm almost 40 and I still find this helpful

[samibahig]

avoiding advices from bias people, i like that..thanks

[skhumbuzomjoji]

Thank you for these. Also, the essay asks some very pertinent questions

[Baddy]

Thanks for the interview guys. Great to listen to you. Very helpful

[EC-dcrp]

Michael is such an effing genius. So smart

[malihsoufian]

Or should we say: most people (the 98%) are not set for entrepreneurship because of the failure of the current schooling system. The schools, as we know today, were invented in the industrial age with the sole purpose of feeding the industrial establishment. As humans we've gotten good at taking highly creative, energetic individuals, putting them into this 10+ years taming machine that spits optimizers, rule-abiders, risk-calculators ...

Time travel to the farming age and you'll see that almost everybody was an entrepreneur.

[Magns-AI-m]

People’s beard comes out of the face ! Mates face is coming out of the beard😂

[supa]

this really hit home, i appreciate the wise words.

[isitfunnytoyouu]

Hello my dear friend! thank you for the cool video! I'll wait for new videos

[bryon]

We found product market while applying to YC. We didn’t get in, but we really got a lot of knowledge from the videos and understanding that we are a start-up.

[rantg]

There is an assumption they keep having there in silicon valley (YC), and it's that you can have only a $$$ millions dollars company or nothing, so when you are a founder you definitely stop doing what you like because of investors, scaling, etc.
Point is, the world changed, there are tones of companies, that intentionally stay small, aim small, at <$5M, and refuse to grow to $50M or more even when the competition push them. Those kind of companies are super popular outside of the SV culture, and those founders have 1000% more chances to be rich WHILE doing what they love, instead of bringing investors so that they can MAYBE hold 1% in a unicorn, and instead hold 50% in a $3M company with much higher chance to get there than the former. Then the answer if to be a founder might change.