Best startup lessons from Y CombinatorㅣMichael Seibel
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- čas přidán 9. 06. 2024
- This video is about Michael Seibel, Managing director of Y Combinator, the most innovative startup accelerator in the world, lessons learned from the Twitch startup journey and Y Combinator.
0:00 Intro
0:13 Twitch Story
5:48 Lessons learned from Twitch
8:45 Lessons learned from becoming a VC investor
11:19 Essential advice from YC
EO stands for Entrepreneurship & Opportunities.
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🎧Check out the extended version of the interview on our podcast !
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“Look at what's on your to-do list. And whatever makes you uncomfortable, do those things first.”
Simple yet brilliant.
How lucky we are that EO has started publishing such quality content. Love this so much. Thank you Michael for the lessons
Who ??
Isn't it ED*?
What an incredible opportunity to really listen to the story of one of the most thoughtful founders in the world. Michael, your story is truly an inspiration to startups around the world. Thanks for creating this opportunity EO!
He's an excellent excellent speaker and a humble and interesting guy. Great interview.
As usual, Michal's insights on "what matters" in the process of founding a startup are things that all founders must not forget. Truly inspiring video!
Michael is an incredible speaker. No fluff, straight to the point.
I've watched hours of Michael Seibel's videos on YC, but this interview gets so much of his personal insights and thoughts out of him than ever. So glad to have this chance to hear about Michael's story - thank you EO!
7:29 - You should work two years on something before it's working.
Damn right. It's been two years of our startup, and when we started, I never imagined that what we are building today will be our product.
I thought I knew everything about customers, but it turned out to be completely wrong. But my ego wouldn't let me accept the fact for too long...
Fortunately, when finally I had the courage to face the reality and started to talk to customers, it all became a different story. We are still in the stage of pre-PMF, but we became much more humble and are eager to learn more about the customer. The journey so far has been and will continue to be tough, but we will not give up until we achieve our mission: 'empower lifelong learners.'
Thanks for sharing your story, Michael & EO.
May I ask what product your company produces? Just curious.
13:00 Although we have to fight asymmetrical as underdogs, we can fight differently by “doing things that don’t scale”! Incredible inspiration
What does that mean?
@@Arthur-vq2me He kinda explained it in the video. But as a startup founder, when you are early and only have a few customers, you can do things that don't scale.
That means things like talking to all your customers, offering the best support possible for your customers, another example is the airbnb example where they went to their first users houses and took the marketing pics for them.
As a small startup, you need to do things that big companies cannot do because they simply have way too many users.
@@stefan9599 Now i got it, thx for the explanation! Stefan :)
영상 퀄리티랑 인터뷰이 수준이 정말 좋아요!
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It's amazing that we live in an era where we're able to listen to such smart and successful people in the other side of the world with just a phone and internet. Thank you ♥️
Michaels intellect is on parallel. This man is so incredibly valuable and experience, perspective, and overall candor. I love listening to him speak I feel like every thought is a valuable nugget of knowledge.
When I found YC, I knew where my start up will be. Grateful for your thoughtful lesson and Blessed you Michael
I needed to hear this today: 'If you ask any successful startup founder, they never know the answers when they start.' As someone who's been hesitating to take the first step because I feel unprepared, this is a powerful nudge to just get started and learn along the way
As a startup founder this video was exactly what I needed to see today.
I can listen to him all day...
Wao!!! So there are 2 more advanced support programs after getting accepted into YC. This is super great. My YC aspiration is now triple, 2023 bi idhinillah. THANK YOU VERY MUCH MS FOR THIS MASTERCLASS VIDEO.
진짜 ㅋㅋㅋㅋ레전드네요 잘 보겠습니다❤️
Just wow! Thank you so much, EO for such amazing content!
좋은 영상 감사합니다. 한글 자막도 감사합니다.
it is surprising how unfiltered and yet smooth and subtle the whole talk is. shocking tbh.
I actually have a company I'm planning to start about two years from now after I'm done with my Bsc and this video is exactly what I need
Luck overrides everything when you have it. Hard work is essential BUT luck is the key to breaking thru.
Love 3:52 where Michael states it was a focusing decision instead of a pivot.
6:21 even though founders think VCs are smart, they are not 😂
"Do things that don't scale". Thank you!
Man, this was quite inspirational. Thank you for sharing.
EO, thank you guys, great that I've found this channel!
8:00 life changing exit
11:30 biggest mistakes
12:30 run towards your biggest feared/anxiety task
13:40 do things that don’t scale. That’s your most powerful edge as a small company
Cheers to EO for such an excellent video.
As we exited three years of an overheated market, this kind of down-to-the-earth, faithful-to-the-basics videos will be super helpful again. Keep going!
I'm so inspired by this! Thanks a lot Michael 🙏
Gosh.. This is AMAZING! How could you guys meet this guy? I think this video is giving great advice for startup founders in early stage!
I got too many ideas and not friends in the programming world... where to start ... got a great computer and many ideas.. but I do not know anyone in programming.. come from a dance/theatre world ... but love the creativity I find in programming now...
Ive been repeatedly stressing over my application for my company today. This video has been really inspirational and a huge help motivating me to get it on there! Id love to work with people with such expertise and insight into so many different businesses. Thanks for the story!
Thanks a lot for bringing this ❤
Thank you EO and Michael for sharing this. Watched this the first day it was uploaded and I come back to it almost every single time to just listen more and get inspired!
한 번 보고, 두 번 보고, 세 번 보고 그 이상 기억해 둬야 될 내용들, 가슴에 새겨야할 내용들.
Really wish this interview was longer. Great interview
The insight from this video is immense.
This is best channel for founders out there whos trying get motivation and lessons
Thank you for the amazing video!!!
Awesome high quality interview!!! Thanks for sharing with us!
Thank you very much for the honest discuss Michael!
great content, tyvm EO & Michael
This is a very precious resource.
What an amazing video. I've not ever imagined that I could listen Michael Seibel's story in this way. Really hope that watch more entrepreneur's interview videos in this channel.
That’s insane that they had auto playing ads before anyone else😮
This was inspiring af. Thank you!
love this guy
Amazing and inspirational.
eo forever😘
I thoroughly enjoyed watching this interview. :)
It's a great story! Thanks for sharing practical tips from your experience!
Hi Michael, Thank you for sharing your precious time as people with goodwill for a better world and the next generation.
What were the beautiful questions? What makes you feel uncomfortable as an advisor or investor?
I was wondering what was the question. EO~ could you please share the list of questions along with your experience?
awesome video!
와...! EO에서 만나다니
what a cool dude - made me actually want to consume way more YC content
Incredible content guys !!! Keep up the great work and this channel will blossom in no time
A great interview
With such a person is amazing
Do WoN Kim you made a great dude
Really enjoyed this!
Liked your analogy, Michael at 13:10.
what a wonderful interview. calm, relaxed but so in depth and focused. love the lighting and setup too.
This clown takes 7% of a unicorn for a measly $125,000 via Y Combinator. Su Ckers. 😂
섭외력 미쳤다
And now u r inspiring us
Great. Thanks
Thank you, I've been so doubtful last few weeks, lets start soon, one last test.
Michael is a huge inspiration. Im applying for tge 2023 YC cohort
- Consider startup opportunities from close relations at [0:38]
- Transition from content creator to platform provider at [1:51]
- Build custom solutions for competitive advantage at [2:33]
- Focus on what your users enjoy to guide product direction at [3:23]
- Pivot towards profitable business models in crisis at [4:09]
- Explore auto-playing ads and paywalls for revenue at [4:53]
- Challenge VC assumptions and evaluate investor insights at [6:17]
- Dedicate at least two years to fully develop a startup idea at [7:10]
- Engage with users to validate and improve your product at [7:58]
- Build a strong, technically skilled founding team at [9:35]
- Learn from fears and mistakes to direct startup actions at [12:01]
- Utilize unscalable, unique tactics to compete with larger companies at [13:07]
- Constantly enhance your company's offerings for sustained growth at [18:28]
Amazing Interview!
KEEP DOING. Fantastic Interview 👏
This is an amazing interview
Thanks for kai to make your first idea creating live show huge
He is distinctively soft spoken. So calming and articulate at the same time. I’d love to have this energy.
This is brilliant content
Ahh I really liked this interview. Have an idea and becoming a founder for the first time and I am already sick to death of hearing about unicorns and 10,100x. Was nice to get a friendlier approach.
He’s so wise
Inspiring!
He mention people like to prank them , and that's the whole quote of live streaming , the interaction with streamer , we called " Trolling " .
amazing
This script looks like a really well-made, high-quality documentary.
And I was very surprised to see Mr. Micheal Seibel's calm and stable tone and manner.
Just discovered this. As a start up of RLC this is very well structured interview. Very well put together
영상 퀄리티가 굉장히 좋은데 Font를 다른걸로 바꾸는게 좋을듯 합니다. 미국인들이기 보기에 굉장히 촌스러운 폰트라서요. 리서치 잘 해서 이쁜걸로 바꾸는걸 추천드립니다.
Nice
Love YC
Glad it worked out! My investing in my best friend just lost me 7 grand. I guess the lesson is to be more discernable than me and more like the guy who graduated from Yale.
Very interesting
Needed those words! Thank u so much!
섭외력 진짜 엄청나네요.,
Knowing when to get out of a company is important too, even big companies only last 50 years often. Its the wild west out here.
❤❤❤
Fantastic story! Im still developing a new dating app which I hope will disrupt all the other 🙏🏾
♥️♥️♥️♥️♥️♥️
it would be quite good if Justin went to fundraising with his cameras and stuff XD
cool
wow
자막 없는 동영상 환영입니다!
👍👍👍👍
👌
The CEO was the first person to get swatted on twitch🤣🤣