Y Combinator Startup Class #1 : Ideas, Products, Teams and Execution (Part 1)
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The document discusses the key steps to starting a successful startup: 1) Having a strong idea that addresses an important problem or need; 2) Building a product that users love by talking to users, getting feedback, and focusing on growth metrics; 3) Assembling a strong founding team; and 4) Executing effectively through constant iteration and a focus on the product and customer experience. The ideal startup has an important mission that motivates the team to create a fanatically great product for users.
Y Combinator Startup Class #1 : Ideas, Products, Teams and Execution (Part 1)
- 1. How to Start a Startup WELCOME, AND IDEAS, PRODUCTS, TEAMS AND EXECUTION PART I SAM ALTMAN President, Y Combinator @sama sam@ycombinator.com
- 2. 1. Idea 2. Product 3. Team 4. Execution
- 3. 1. Idea 1. Idea 2. Product 3. Team 4. Execution
- 4. The Idea comes first 1. Idea 2. Product 3. Team 4. Execution
- 5. The company should feel like an important mission. 1. Idea 2. Product 3. Team 4. Execution
- 6. Seems like a bad idea STARTUP This is a good idea 1. Idea 2. Product 3. Team 4. Execution
- 7. Why now ? 1. Idea 2. Product 3. Team 4. Execution
- 8. While you are a student: ! Think about new ideas ! Meet potential cofounders 1. Idea 2. Product 3. Team 4. Execution
- 9. Most people think first of what they want to express or make, then find the audience for their idea. You must work the opposite angle, thinking first of the public. You need to keep your focus on their changing needs, the trends that are washing through them. Beginning with their demand, you create the appropriate supply. 50 Cent 1. Idea 2. Product 3. Team 4. Execution
- 10. 2. Product 1. Idea 2. Product 3. Team 4. Execution
- 11. Great Idea Great Product Great Company 1. Idea 2. Product 3. Team 4. Execution
- 12. ! Build something users love ! Talk to users 1. Idea 2. Product 3. Team 4. Execution
- 13. Intensity of like #Users 1. Idea 2. Product 3. Team 4. Execution
- 14. 1. Idea 2. Product 3. Team 4. Execution
- 15. Great products win. Make something users love. 1. Idea 2. Product 3. Team 4. Execution
- 16. Fanatical #1 2. Product 3. Team 4. Execution 1. Idea
- 17. Get users manually. 1. Idea 2. Product 3. Team 4. Execution
- 18. User feedback ! What do they like? ! What would they pay for? ! What would make them recommend it? Show it to users Product Decisions 2. Product 3. Team 4. Execution 1. Idea
- 19. Metrics: Focus on growth ! Total registrations ! Active users ! Activity Levels ! Cohort Retention ! Revenue ! Net Promoter Score 2. Product 3. Team 4. Execution 1. Idea