Y Combinator Head Michael Seibel: The ONE Mistake Killing Startups

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Michael Seibel is a group partner at Y Combinator and the managing director of YC's startup accelerator. #ycombinator #yc #startups
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Michael evaluates 1000s of startups a year and sees hundreds go through YC, which means he has better data on startup success than just about anyone in tech. He's is also the cofounder of Twitch.
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00:00 Michael Seibel Interview - Y Combinator, Twitch Founder
00:33 What makes YC startups successful
07:52 Dealing with failure
12:12 YC vs venture capital
25:57 MVPs + product market fit
35:01 How to pivot a business
41:22 Equity splits
48:38 Is YC still for outsiders?
53:36 A conspiracy theory that Michael believes
55:46 Michael’s take for common bad advice
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Michael Seibel Links:
Twitter: / mwseibel
LinkedIn: / mwseibel
Website: www.michaelseibel.com/
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Host Auren Hoffman Socials:
Twitter: / auren
Substack: substack.com/@auren
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Опубликовано:

28 июн 2024

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Комментарии : 48

@mikulcek 8 месяцев назад

It is so easy to draw lines between Michael's business advice and his real world experience. Thank you guys, it was really insightful and fun talk. I particularly want to reflect on the part where Michael talks about 'broken people' and the need to expand the envelope in face of negative odds. I fancy the idea that some people just hold very high standards for themselves and have relentless hunger to better understand the world we live in.

@worldofdaas 8 месяцев назад

Love this comment! Thanks for watching

@sineadward5225 8 месяцев назад

He and Dalton have really helped me to the extent that I have some more common sense and am less deluded. It's lifelong learning.

@carlatashkadeh5890 8 месяцев назад

Michael is so pleasant to listen to!

@worldofdaas 8 месяцев назад

Really calming voice 💯 Saying smart things 💯

@Michaelgordonryan1 8 месяцев назад

Excellent share Auren. Should be required watching for pre-YC companies and other startup founders. Michael's insights, expertise and wisdom with startups, founders and funding challenges. Bravo!

@worldofdaas 8 месяцев назад

Wow high praise, thank you! Michael is an elite guest.

@Michaelgordonryan1 8 месяцев назад

@@worldofdaas You know I have a few decades of experience in the startup world and I often say "People recognize talent" and in addition to timing is one of the most important indicator to success including 10 other "Ts".

@octavioavila6548 4 месяца назад

I will never do a start up but I enjoy watching these videos for some reason

@worldofdaas 4 месяца назад

never say never!

@axiomalpha 6 месяцев назад

"I often feel as though the misunderstanding happens in the problem space. Everyone we fund [at YC] can build software, and so building good solutions is way more... that skill is way more distributed among the YC population. Understanding customer problems? That's actually really hard. Most people don't even want to engage with that intellectually." -- Michael

@worldofdaas 6 месяцев назад

Interesting call out. Maybe the YC population needs more right-brain thinkers - perhaps not so good at coding but excellent at intuiting customer pain?

@meowmix6401 8 месяцев назад

This guy is a gem

@worldofdaas 8 месяцев назад

AGREE 💎💎💎

@RodrigueFouafou 7 месяцев назад

Interesting Insight!

@worldofdaas 7 месяцев назад

Thanks for watching! We're a small channel so please share with anyone you think would also enjoy this video :)

@LeonidKotelnikov-jg9fi 8 месяцев назад

Michael is a LEGEND! I’m preparing a video about his path

@worldofdaas 8 месяцев назад

We'd love to see it! Please tag it here when you have it

@RandomGuy4964 6 месяцев назад

Brilliant interview with only 15k views. I must have found the right place.

@worldofdaas 6 месяцев назад

Thank you for your kind comment - Michael is amazing! Please share with anyone who might find it interesting and hopefully we can get some more views!

@leafhappy 8 месяцев назад

5:15 "Spec-list" -- the list of things you want to build for that interval of time [usually per week or whatever] Good term! I have a notebook = blank paged nice paper art sketchbook that I use to draw UI and make lots of checkboxes. It is a spec-list. A weird, artsy one that I have honed for my purposes and workflow, but essentially the same thing! :D

@evurohardware 7 месяцев назад

I can answer question in 21:39 To build an accelerator with an online Ai analysis where a pitch deck is analysed through an app and sent automatically to the right person in the right VC form will be an evolution of YC

@worldofdaas 7 месяцев назад

Some funds are already sorting and qualifying pitch decks with AI so this is certainly on the horizon.

@evurohardware 7 месяцев назад

@@worldofdaas what if it becomes the next Y C thing? Popular and high stacks, which can even include customer acquisition metrics based on product offerings, shown in real time to prove that product will do well when launch. Product hunt+ growth curve+ VC funds

@worldofdaas 7 месяцев назад

@@evurohardware That will work well for later-stage funds but will be hard for YC (and even many seed funds) as companies often don't have a solid product offering at the point of application into the program.

@delamberty 3 месяца назад

MVPs + Product-Market Fit The journey isn't always linear. Advice aren't like the laws of physics. Therefore, it's recommended to launch quickly, fail fast, learn, and iterate.

@worldofdaas 3 месяца назад

start walking and the path will appear! Thanks for watching :)

@williamschulz9018 6 месяцев назад

An accelerator or venture fund is like a record label. The software developers are the band. Musicians create great bands and a great musical vision that is amplified by the label. You gotta get a great band of software developers and a great software vision. If the VC has to do it for you then they don't need you.

@worldofdaas 6 месяцев назад

Interesting metaphor. If the developers are the band, what are the go-to-market team?

@50kT 5 месяцев назад

The band's agents that deal with the industry?

@jordan5253 8 месяцев назад

Bruh what is Michaels skin care routine?! Buddy is GLOWING !

@worldofdaas 8 месяцев назад

Shucks! Missed question on our part 😓

@MarkCicero 7 месяцев назад

It's gotta be that zoom blur. Wonder where I can get me some of that...

@apoorvam99 3 месяца назад

What does DaaS mean?

@worldofdaas 3 месяца назад

Data as a Service 💫

@breaktherules6035 6 месяцев назад

excellent insights by Michael Seibel, a bit dissappointed by the questions and coordination by Hoffmann...

@dr.debbiewilliams 4 месяца назад

What Start Up?

@worldofdaas 3 месяца назад

When Startup?

@MarkCicero 7 месяцев назад

What does a 51:49% co-founder split change when it comes to decision making? Equity ownership doesn't change decision making power if both are on the board.

@anibaldamiao 7 месяцев назад

what does he mean about universities getting 10% when the students die? I'm not american, that one went over my head :D

@AkireMaru 7 месяцев назад

Basically he’s saying (on average) that many successful people give about 10% of their wealth to their Alma mater upon death, so essentially Universities are like accelerators that earn from their students but a universities payout is higher because they have a lot more students. Don’t know if you’ve noticed all the places on a typical university that are named after people who you’ve never heard before…

@worldofdaas 7 месяцев назад

@@AkireMaru Stanford has a $36B endowment 🤯

@Yusuf-ok5rk 6 месяцев назад

@@AkireMaruthank you for explaining.

@gotoHuman 4 месяца назад

So he says that building the solution is easy and it's all about understanding user needs. Then I don't know why engineers from big tech companies seem to be geeting so much easier into YC or receive funding (maybe wrong impression?). They might be better at building but have probably no edge identifying customer needs.