What mental traps do you fall into when looking around at the competition?

@nbhhcghgfyg

2 жыл бұрын

Fundraising story

@Politirized

2 жыл бұрын

Building a product for a market that already has a lot of products, but there is no clear/big winners. It is daunting to think that your product is going to pass through all of those graves.

@BigDataLogin

2 жыл бұрын

How true 👏 😅

@VenturiLife

Жыл бұрын

Over-estimating them.

The truth is you aren't competing against Amazon, you're competing against a junior product manager who works at Amazon. Once you realise that the challenge is far less daunting.

Chapters (Powered by ChapterMe) - 00:00 - Competitors 00:51 - Fear of the Competition 01:42 - Lies Founders Tell Themselves 02:32 - Most Common Outcomes 03:28 - Perception vs Reality 06:57 - Copycats - Twitch 08:15 - Back to Basics 08:50 - Real Competitive Concerns 09:40 - A Better Product - Socialcam 10:14 - Structural Advantages - Kiko and Perfect Audience 11:20 - "Good Enough" example - Microsoft Teams and Slack 12:30 - FAANG Fails 13:40 - Instacart vs Amazon 14:16 - Cruise vs Google 15:00 - Build a Better Product

@philmckay9973

2 жыл бұрын

Why no tshirt print biz?

This was timely, we are at a point in our company where the competition who recently raised 7 figures and pumping most of the money into ads have given us some concerns... yet our numbers are good and we seem to be making better product decisions inspite no funding round or big media publicity yet.

@markg5986

2 жыл бұрын

Excellent! Keep up the good work, @Okeh

Definitely felt the fear/pain of 'looking over at competitors' super super keenly - especially the point of seeing them raise a mammoth Series A, and being like "that's it *kicks over table* ...it's all over!" I think that the piece on talking to users and having that intimate understanding of their problem is so understated - almost like this solves the paradigm of watching a competitor blow up too, but knowing that despite the alarm bells ringing, you're still solving user problems and providing value.

These guys are therapists for tech startups

Sounds similar to Tesla strategy - focus on the product, constantly improve the product. Competitors are constantly creating new products [new engines, new body style, new seats etc.] Tesla focus on product to scale production which cuts costs and leads to best profit margin in the vehicle industry.

@allwecanseeisaboveusnow

2 жыл бұрын

Elon Musk was also a millionaire before he acquired Tesla, his capital allowed his company to scale an amount about 99% of the population wouldn’t be able to do without venture capital, loans, etc

@Okeh_Emmanuel

2 жыл бұрын

You mean Ford or other motor companies ?

@GireshKumarS7

2 жыл бұрын

Ty ygy

Thnx to the admin for making such a great job on YC lists. Super easy to navigate them

Needed to hear this this week. Thank you 🙏🏾

I wrote a piece about similar worries as a startup founder on Medium (London Lowmanstone - "Network Effects are Software’s Defensible Moat"). So great to see people who have actually talked to so many different startups and can give examples of failures and successes and the ratio that's actually seen in the world, rather than guesses based out of fear.

When big companies try to copy features or products a lot of times they don’t get it quite right because of all the politics and bureaucracy in their organizations. Those things can dilute a great idea.

@carlosbraga9381

Жыл бұрын

thx for the insight Derek!

Hey YC Team, Please do a case study on Fast in the next week or two. Would love to hear your take and deep dive on what happened and some learnings for us all from the whole episode.

Love it guys! Keep up the great work!!

Finally a new video! Can't wait!

great video right on time when i needed it.

These videos cut deep and I keep coming back for more.

Awesome insights! Wish I had heard this a year or so back!!

"They have replaced their enthusiasm and replaced it with fear" - This is a 10000% true

That's great! Thank you.

Great video for startup

Amazing and simple. Build a better product and really care about the customer, because FANG will only scratch the surface and won’t go above and beyond

How about if it's 1990 or the early 1990's and you want to build an online encyclopedia (edited by both companies and individuals). Microsoft already has an encyclopedia on CD or DVD. Wouldn't you think they would take the encyclopedia online.

Holy cow how this could have so few views? This is gold

Hello I want to know how startup company can tie up with big companies for any purpose of startup like API, some information, etc

Hey ycombinator admin, would you mind creating playlist for partner lounge series? So I don't need to check it out every time. :)

@ycombinator

2 жыл бұрын

Already done :) kzread.info/head/PLQ-uHSnFig5M3hh2-t0847rxhrfd7Wdtj

Reminds me of the Monopoly story. I think Mervin Gardens is till date wrongly spelled because it was wrongly spelled in the originally game!

Great content

. . . Yes, yes, . . . When Brad Flora brings it back to simply "building a better product" as the priority, rather than the other structural aspects . . .

13:27 that is a good point

Google drive vs dropbox? Google meet vs Zoom? Why are the two different? Why dropbox was affected by drive more than how zoom was affected by meet?

are you guys using riverside for this video?

@how_to_persuade

3 ай бұрын

thats free publicity bro. They are not going to do it!!

when the problem is small but growing, large companies may ignore it for a long enough time for you to build another unicorn)

8:00 when Twitch turned around 15:00 You need a better product

#Awesome

Changed the title lol

Amazon actually won in cloud but there were not even close to number 1 in cloud when cloud startups started. Structural advantage sucks.

You don't beat big tech You become 1 😛

I Reject Death as a certainty. Y canit I just back up my brain live online until i can come back alive offline. .

Cameras are too zoomed in, IMHO

Wanna join a desi community for this y'all? Ping me

No my way to be the next Amazon

The indian guy: "ipods are a waste of money." 😄

I am the first commenter, that's how much dedicated I am, take me in yc or you will be cursed 😶‍🌫️

Teams >> Slack

Hello, I am the CEO of Elexion, an information brokerage platform. We are engaging with people in Silicon Valley to learn about emerging issues in communicating this information to Latin American entrepreneurs! If you are a citizen We would like to know the problems that are occurring. Write us....

@how_to_persuade

3 ай бұрын

what you mean?

When i see google search….all i see is Yahoo! Search 2000 drenched in payola

Over Time. Microsoft teams has become the very good, the intergration with the email, calendar and other MS product is best.

Are you being lead by fear, or love?

@kolacao8134

2 жыл бұрын

What do you mean by love?

@jashmota5054

2 жыл бұрын

@@kolacao8134 just caring about user's problems and solving them.