"Start with the problem that you have and look for the right way to solve it, rather than technology searching for a solution" "Make something people want, do unscalable things, and actually scale it" This is so elegantly well said, and so fundamentally true ... Thank you Garry and Parker! ♥️🚀
A solution in search of a problem... exactly what I did as an engineer trying to start my first startup many many years ago. I know better now. Looking forward to learning YC ways in Startup School.
Love Parker and am a customer. Have met him in person and was super impressed. Hope someone close to him can advise him to take better care of his health -- his weight has ballooned and I'm genuinely worried for him! Take care of yourself, friend. We want you to stick around.
Parker is absolutely right, not only do most startups not follow their business plan, many don't actually end up in the exact same business they started out in. I once talked with the principal at a large VC firm and he told me they once did a study of all the startups they had invested in over a 7 year period and NONE of them really followed the business plan they had originally brought to the VC.
Yes it’s unusual. $17M seed round. But that’s what happens when you build a unicorn in 24 months for your 2nd startup, then leave and have the ability to do it again without any of the prior mistakes.
Have a feeling decentralization of large business and creating similar companies with more sustainable honorable practices you name it big Pharmaceutical is crashing hard big food and personal favorite big oil is why we started Hemp Fuel Group 2017 👊
Hey Garry, I LOVE your youtube channel and am so impressed that it's a one man shop. I recently launched a podcast (also doing all the work) and am looking into taping videos as well for future episodes. I am confused how you get close ups for you and your guests and two person shots. Are you bringing three cameras to achieve this?
Hey Tan, Your videos are far more informative than every other videos ever seen!! Keep Going!! I am really greatful to you contribution here. Thanks, Jagath
By YouSum Live 00:01:09 Rippling automates admin work for seamless employee life cycles. 00:02:25 Initial startup failures led to pivotal lessons and perseverance. 00:04:01 Identifying untapped market needs drives successful startup ventures. 00:07:06 Scaling a business faster than engineering support can hinder growth. 00:07:27 Manual processes hinder automation and increase error rates. 00:08:01 Pushing boundaries and challenging limitations fosters company growth. 00:08:47 Overexpansion without addressing underlying issues can lead to downfall. 00:09:00 Monitoring and adjusting growth strategies prevent rapid decline. 00:10:14 Maintaining healthy gross margins is crucial for investor confidence. 00:11:04 Building a software-centric company eliminates manual errors and ensures stability. 00:11:56 Strategic investment and focus on software development drive success. 00:12:49 Aligning product development with market needs ensures sustained growth. 00:14:19 Prioritizing solving real problems over technology leads to startup success. By YouSum Live
Great video Gary and Patrick is awesome. But do you think he could have raised $17m upfront seed round as a first time founder? i.e. If he didn't do zenefits.
@@GarryTan Considering your production quality and virality of entrepreneurship videos globally, I'm certain that you're getting demoted by the Algorithm unjustly based on something totally irrelevant. Consider trying out different thumbnail, title and description styles, instead of sticking to the usual stuff, might help. Cheers!
Raise $17m, hire 40 engineers, release it and customers will flock to use your product… exactly the opposite to the YC way. That said, rules are meant to be broken.