Chapters (Powered by ChapterMe) - 00:00 - Rookie Mistakes 00:30 - 3 common themes 00:35 - 1. Timing 00:48 - 2. Idea 00:59 - 3. Market 01:10 - AirbnB 01:24 - Competition 02:47 - Payments 03:08 - Free listing 03:36 - Solving their own problem 04:35 - Used their own product 04:46 - What were the takeaways when they launched? 05:04 - Criticisms 07:35 - Coinbase 07:46 - Buying Bitcoin 09:22 - Not the first mover 09:33 - Online gold is 10x better than gold 09:54 - Criticisms 11:08 - Undercounted 12:10 - Impossible time raising money on demo day 12:31 - Stripe 12:39 - Context 14:14 - Peer problem 14:42 - Go-to-market 15:19 - What would a programmer want? 16:38 - Most expensive product 16:58 - Criticisms 18:46 - Contrarian 18:59 - They had to build great good products 19:33 - Takeaway 19:37 - Incumbents 19:48 - Don't care about experts 19:53 - Market Research 20:07 - Market math

Very informative, could you please do a video on startups that failed and why they failed.

@William_Clinton_Muguai

2 жыл бұрын

Yap...We get to learn as much from flops as from successes.

I'd love to hear more about the lesser known successes and some more recent ones too.

I love watching Michael’s eyes go both up left and up right when he’s thinking 🙌🏻 So rare! 🤔🤯

This series is so resourceful, keep them coming. Thank you to the creators.

A product designer is the guy that gives you all these insights and the iteration ideas and prototypes and MVP

Thank you so much, sometimes founders we think that we have to have an absolutely unique and un-thought of idea yet that isnt the case.. its about a gap and how one can fill that gap better amidst fierce competitors.

@astrarai-thesobercoder

Жыл бұрын

💯

Great talk, would be awesome if we had more of these stories.

Hey YOU, incredible person reading this...The truth is you are confident and good enough already with who you are, where you are at and what you have right now to have the success you want in life. Don't let others define what “success” is for you. Get up, learn that skill and go after it! I believe in you so much! Have an awesome day! ,.,,,,

Great Video YC! Deep analysis . Highly appreciated😃

I must make this comment from a moral perspective. The content u guys are sharing for free is so valuable to aspiring and new founders. I just want to thank you guys sinceerely for all your services to this community.

awesome recap! thanks for your knowledge folks

That was encouraging. Thanks for sharing.

Another great lecture!

Loving this new content! Thanks guys

Fantastic insight and advice. Thanks yall!

Love this session

great video and very informative thank you guys

Beautiful, informative educational video.

Excellent as usual!

This is a banging series of videos

Can't thank enough for such insightful video

Timing.... How do we get this right?

This is gold for free♥️

Great initiative....

Great insights

Great startup insights

It comes from a problem you face that you can't live without solving it.

I really like u! Thank u for inspiration ❤

Awesome! Q: So, Coinbase got no funding on demoday - how long did they survive without funding, how did they survive without funding and what convinced the initial investors?

Inspiring

Can’t believe this is free. Amazing content 👏🏾

Is there a podcast episode for this awesome content?? 🤔

Awesome video. I’m confused though because in other YC videos you talked about Airbnb’s first version not supporting payments on the Airbnb platform. Are you guys saying Airbnb knew they eventually wanted to support payments on platform when they first started Airbnb?

YC doing HBR-esque case-studies... Nice.

If YC went back and redid all the audio on all their videos, viewership would turn into listenership and explode in views.

The best ideas… are the ideas that do not make sense at first. The idea must solve a problem.

"If you're going to innovate, prepare to be misunderstood"

Next video on CZ Binance, please. 🙂

Make video on what product guy do in startup

virgil aborgh rule of 3% - change 3% of the orginal design and you will get a new design... same goes to startups in a existing market

Well there ya go. Nailed it. This is why following Lean Startup is stupid.

I'm not gay but the knowledge these two guys have make me think otherwise! This is literally the best channel on business on ALL of youtube!

@ashleigh3021

4 ай бұрын

What a strange comment lmao

@robertobarasa4095

2 ай бұрын

Very very strange comment indeed

@DeterministiqueSoftwareS-gy2oc

13 күн бұрын

What is being gay gay has to do with it?

@prestigious5s23

12 күн бұрын

​@@DeterministiqueSoftwareS-gy2ocIt's a running yt joke dude. It's the same as people who commented before when one of Leonardo dicaprios exes says she had the worst date of her life with him, as he rented out an entire cinema for them, so they could watch all star wars films and Leo ran around playing with lightsabers. Every nerd on the planet commented they would come out of the closet just to have that kind of date lol😂

zoom fits the bill too.

can someone clear up Stripe's YC participation....did they actually fully participate in a cohort or did they simply take funding..

@TheSameFight

2 жыл бұрын

The founders were in YC for another startup which they sold and then they did Stripe on their own without participating in the actual YC program but still working closely with many of their connections as alumni

Something I don't quite understand here. The idea of creating an MVP, is to go to customers and see if they will want to use the product, so that later we don't invest huge amounts of money in what people are not interested in. And this video says that often the majority is not right and negative feedback should not discourage us. Which is exemplified by the start-ups mentioned. One somewhat contradicts the other. In this case, what should one ultimately be guided by?

@Datguy1984

2 ай бұрын

Keep in mind the negative feedback they mentioned to ignore was coming from investors and the overall startup zeitgeist, not customers. Customer negative feedback you should listen to.

@jurekkrzewicki3459

2 ай бұрын

@@Datguy1984 Thank you. :)

Flipbizz was a stupid ideas and idiot product too. But we just shortlisted the finalist for Most Promising Startup in Top in Tech Innovation Challenge organized by MRANTI in Malaysia.

Amit Shah 😍

Pain and a problem!

Dear Y combinator , sometimes there are great products and great Ideas but they just don't get the chance to get to YC .

👍👍

Do we know thay were Great products After-the-fact? Is this like Chart Technical Analysis where the direction of a stock is obvious looking back but no one can say anything looking forward? Is there a science to finding great companies/ideas ?

My biggest problem is not being destroyed by the problem I'm trying to solve, before I can solve it. Can Y combinator give me some money before I apply with my company so that it's easier for me to live and learn the skills I need to build my solution.

i dont wanna make a lofty billion, i just wanna a steady million. how do i create a much smaller business with higher success rate? is that even a trade off i can make? is it easier to start a business and find ideas for smaller businesses?

@olemew

Жыл бұрын

That reminds me of skinny people that don't lift because they don't wat to get "too big". DONT YOU WORRY ABOUT THAT, you're not going to.

@shyguymercedesbenz5845

Жыл бұрын

@@olemew lol good point

Amit Shah is back

Thank God the airbnb guys made the cereal boxes and somehow told Paul about it and then got accepted on yc and then...

Michael Seibel - "...then, you're probably doing it wrong" :)

Even I've come up with those ideas. Execution is the difference.

These guys are so rich, he ain’t sweating $50k

dont be the first mover, be the last

All Airbnb and Uber did was IGNORE THE LOCAL LAWS already on the books

I live how people think you can just have an IDEA and your off 😆. Sorry. You can make lead to gold and show proof and the investor wants its and tax Financials. Ideas don't exist you guys are in a dream world

@devstuff2576

2 жыл бұрын

Well you can't type properly but you still type. Be humble and understanding to others. * it's love not live.

reddit for maps

I want to build a small rocket to fly into space. I need a team of engineers.

Can someone give me a written summary of this video - too busy to watch

8:19 imagine beeing a foreign and sending money back home to get some food for the fam. must be a scam yeah.

I feel like COINBASE should have really quit.

so basically find crappy companies and create a 10x better solution

lets hear some more bs from a non technical founder

@georgew1857

2 жыл бұрын

Imagine thinking you know more than the guy who sold Twitch for a billion dollars because you can write javascript. Have fun staying broke.

@vlogmoinc5597

2 жыл бұрын

@@georgew1857 his main contribution when building twitch was shutting the f up and raising money . emit and kyle did all the heavy lifting. michael was just lucky enought to have smart friends

@georgew1857

2 жыл бұрын

@@vlogmoinc5597 lol keep thinking that if it helps you sleep at night mr broke javascript man

@vlogmoinc5597

2 жыл бұрын

@@georgew1857 I'm not broke. But let's see what Mr fake Steve Jobs builds next without his little friends. He was a fundraising machine nothing more . He wrote 0 lines of code and knows nothing about software. He was brought in because of his background in politics and running a campaign

@aaa84gt

2 жыл бұрын

Imagine being this salty lol

I want to build a small rocket to fly into space. I need a team of engineers.

@devstuff2576

2 жыл бұрын

And why do the engineers need you?

@user-sv9gn8xm7t

2 жыл бұрын

@@devstuff2576 I'm not talking about an engineer from us, but I'm just saying maybe there are people with higher education who would like to team up with me To build a small rocket Is that understandable

@uastartup

2 жыл бұрын

@@user-sv9gn8xm7t you haven’t answered the question