The biggest thing I get from these talks is a sort of cultural understanding about how to think about problems

@tarunnarang9701

2 жыл бұрын

Brilliant insight!

Great video. It's crazy how YC keeps making these videos, but many YC startups seem to be exactly like what YC tells them not to do 😅

My experience is that the only thing that matters is creating a FOMO. You can use your metrics to create a parallel between you and another startup that is super successful in the minds of investors. Metrics or mindset, or warm intro or getting accepted into YC, anything else is tools to create FOMO for the investor and get them to say yes. That's how startup financing works.

Excellent points. Thanks for sharing!

So so good. Thank you for sharing, this was hella insightful

My great take away is that last point "choice who you want to be like" not competition requirements or designing for investors. But customers

Brilliant Dalton and Michael. It is funny that the VCs who fund "disruption" haven't "disrupted" themselves in a long time. Too much group think. Reminds me: "the cobbler's son has no shoes". So much of fundraising for B2B, especially in the early stages, seems to be about who you know and the pedigree you have, rather than the customer's value of the product and the founders commitment to persevere and execute.

Thanks for sharing - these videos are great

The talk is loaded with value, thank you.

“You get to choose you wanna be like” some simple yet powerful words 💭

wow.. this is so informative... lotsa learning for us as first time entrepreneurs. Michael Love !.

Nice, I see you rockin the Polo Michael!

Thanks for the tips

Such a great content!

Thanks Dalton and Michael

Thanks for the insights! Subscribing to your KZread channel was a very wise decision.

again, great tips.

Informative ❤

This is very brilliant.

"Choosing who you want to be like is one of the most powerful things you can do if you're an ambitious person who wants to do things in the world." This should be a sticky note at all our desks.

can anyone tell background music?

If a mediocre startup raised more money than it needs/ought to have, apart from the founders fallacies, isn’t it also a failure on the part of the VC? like two sides of a coin; it takes two to tango

@dhruvbhatia7

2 жыл бұрын

No because VCs fund a lot of startups. They're not trying to find good companies, they're trying to find unicorns, which is like 1 out of every 50 companies they fund. A VC will have at a minimum 20-30% bad companies, 50-60% mediocre companies, 10% good companies and 1% unicorn

@bjvu9460

2 жыл бұрын

VC are in the numbers game which is a probability for success . The more you spread the investment around the more likely of success ... VC are technically not great at their job and rely mainly on luck ... Private Equity group has a higher return rate in their portfolio than VC because they have to be right. That's why Private equity partner only invest when a company is making money and market proven versus a VC fund which will value trends

Really loving these! “You get to choose who you want to be like” 🙌🏻

this seems like a school presentation but still good info.

Obsession over customers than investors !

I'm confused - so metrics matter but actually not and "don't have revenue"? That was my understanding from the first point...

Literally trying to determine if I should fundraise right now or be patient and raise valuation by continuing to make revenue and just try to 2x - 5x revenue before raising capital. SUCH A DILEMMA

I wish I had a 'sparring partner' to discuss business with like this.

I thought YC fundraising Strategy was built on FOMO

Guys, just figure out when the Bald Monster (Pun Intended) laughs out, there in lies the crux of knowledge.

Investor focus is really a good one. Cuts down to the throat

currently struggling as a non-technical person, and not have friends that interested in startup :( p/s: im 19, kinda like product, business and branding head guy :'

Ok. So here's the thing: My company made more than $150K of revenues with a unique innovation in the cloud space. But i am struggling with the fund raise while a friend recently raised $10M on pre-revenue, pre-product company based on a bullshit story that he was able to peddle among this FOMO driven group of VCs.

@nocapdanzvlogs3678

2 жыл бұрын

A friend with a bullshit story? - kinda sound salty here.. wouldn’t be surprised if this transcended into why VCs aren’t investing in you

@TheKrazzyStudios

2 жыл бұрын

@@nocapdanzvlogs3678 Yes a bullshit story... and yes VCs are investing in hype and fomo...not real revenues that i have.

@machinelearningexplained

2 жыл бұрын

@@TheKrazzyStudios revenue is great, but it's also about the vision and the potential of growth. A company with good revenue that isn't growing is less interesting than one with very little revenue, but massive momentum from a VC perspective!

@luqmanhrizal

2 жыл бұрын

IPFS Cloud system ?

This info shouldn’t be free lol thanks yall

@gplayj9984

2 жыл бұрын

They want quality startups at YC by sharing this. They don't want to make money by selling courses. But agreed, great someone is sharing these.

There is a need to put some context into what they are saying. Saying that no one wants your product is a sign. If you study EV sector for decades people said they were no market for it. If you starting a new category or you in deeptech cleantech it take time to educate the customers and replacing the status quo and a lot of time most startup need to figure out the play to make it work just like rbnb. Metrics and customer centric is important but some industries you cannot make it without capital. Ev deeptech etc.. is capital intensive and require patient capital. What they are talking about is traditional B2C SAAS companies.

uhmmmm not sure it is true about Facebook being profitable, leverage does help and it also depends on aggressive VCs are to get on board of the company. But fundamentally, silicon valley companies live in a different reality. I would love to see them doing business in Africa those metrics of evaluating a company do not work here.

All these videos hurt and inform me.

Great talk. Sudden transitions. Music distracting.

Nothing new. Everything is relative...

TLDR: have growth, focus on solving customer problems instead of courting investor. Seriously though, don’t TLDR- video always well worth it

Facebook didn't have ads on there platform until IPO stage . I am not sure where he got this from and that is one of the reason mark and his cofounder clashed and separated because his cofounder wanted to start selling ads and mark thought it would ruin the user experience and stall growth. Please check your facts

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....

Who even are these people?

@tenniswithric

Жыл бұрын

There is such a thing call Google, use it.