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<h1 style="text-align: center;">title</h1> <h2>[WHAT]</h2> <p>] sam altman</p> <p><strong>1] [ideas] </strong></p> <p>getting an idea, best NOT to have a company <br />- a project is better <br />- airbnb example - side project to make some money, so founder could pay his rent<br />- once you have a company + investors - pressure</p> <p>-</p> <p>- need builders, its hard to hire talent<br />- think about market, fast growing, huge market, in the future</p> <p><strong>- [make something people want ]</strong><br />-- most founders get it wrong<br />-- if you get that right, you can do almost anything else wrong<br />-- vice versa,</p> <p><strong>- [act quickly]</strong>, make decisions, practice doing this, learn to be more decisive</p> <p><strong>- [formidable]</strong> - tough, can also get better at this,</p> <p><strong>- [users]</strong>, have users that are close to you and will give you feedback<br />-- press launch doesnt get you the users you need<br />-- example pinterest founder ben silverman - <br />-- talk to users, listen to users<br />-- dont decieve yourself, about how much users love your project, be honest</p> <p><strong>[burn rate]</strong> how much your losing each month, dont decieve yourselve, <br />can run into <br />if your burn rate is low or you</p> <p><strong>[strategy]</strong><br />articulate your strategy in a few sentences<br />essay pg ON fundraising</p> <p><strong>[ask for what you want]</strong><br />[know the press] yC says leave out anything the press says about them <br />- dont care what the press says<br />- how much your making, how fast your growing (Most founders get it wrong)</p> <p><strong>[generate revenue early]</strong><br />- the right culture, the right focus<br />.. break</p> <p><strong>[hiring]</strong><br />- really important <br />- give early hires a lot of equity, first 10, 10%, <br />- you want people who are so good they can do their own companies</p> <p>- fire people quickly - its hard to do - painful experience<br />- dont work with people you dont have a good feeling about <br />-</p> <p><strong>[scaling]</strong> getting users at scale<br />- important to learn about sales and marketing<br />- 5/6 different ways, best way is word of mouth, doesnt always work enough</p> <p><strong>[ growth rate]</strong> <br />-- best startups know what it is all times<br />-- whatever the ceo measures, is what the company <br />-- zuck - what you do when growth stops, inspirational speech should be saved, focus on small tactical wins, something to grow this week</p> <p>- " best companies are full of MISSIONARIES not MERCANARIES<br />-- want your people to believe <br />-- if ppl believe they will work harder</p> <p><strong>[focus]</strong> spending time on things that dont matter <br />- playing house version of startup (conferences, meetings, ) <br />- focus on the product and the users, intensely, every day <br />- prioritize, spend time on things that are critical</p> <p><strong>[excuses] take responsibility</strong> <br />- transition from building a great product to building a great company <br />- very difficult to do<br />- things get done in the world, focus and personal connection <br />- building personal connections with your employees</p> <p><strong>[aquisitions]</strong> <br />- process corp dev - <br />- assume the offer will be about 1/10 of the first big number they toss out<br />- dont do this unless your ready to sell<br />- startps are hard work 10 years<br />- can be your biggest attempt to change the world</p> <p><br /><br /></p> <h2>[WHY]</h2> <ol> <li><strong>] right business model for non profit startups</strong></li> <ol> <li>] more than 1 -</li> <li>] extremely hard to raise money</li> </ol> <li><strong>] only hiring freelancers</strong></li> <ol> <li>] really hard to do, dont recommend it , cycle time is too long</li> </ol> <li><strong>] outside the valley, outside NA</strong></li> <ol> <li>] the internet , you can do it from anywhere,</li> <li>] current batch has</li> </ol> <li><strong>] early hire qualities</strong></li> <ol> <li>] similar to founder, generalist, smart, believers, team players,</li> <li>] diversity in background is good, diversity in vision is</li> </ol> <li><strong>] best region to start a startup</strong></li> <ol> <li>] can do it so many places</li> <li>] travelled a lot, many great startups, all over </li> <li>] most successfull companies founders a</li> <li>] funding is the main thing, many people</li> <li>] 2000 incubators, all over the world</li> <li>] the trick is to get</li> <li>] come to the valley when you need HUGE capital</li> </ol> <li><strong>] why does YC work from home VS work in co-working space</strong></li> <ol> <li>] truly revolutionary ideas</li> </ol> <li><strong>] do you need previous business experience</strong></li> <ol> <li>] more important to have the ablitity to build a product, then it is to build a business</li> </ol> <li><strong>] why is YC so successfull?</strong></li> <ol> <li>] fortunate to get the best applications</li> <li>] small partners who spend all their time trying to help startups</li> <li>] strong alumni - who help</li> </ol> <li><strong>] secrecy</strong></li> <ol> <li>] value comes from the execution - not the idea, important to not overdue the secrecy</li> </ol> <li>]</li> </ol> <h2>[WHERE]</h2> <ol> <li>] plaxi </li> </ol> <p> </p> <h2>[WHEN]</h2> <ol> <li>]</li> </ol> <h2>[EXAMPLE]</h2> <ol> <li>]</li> </ol> <h2>[HOW-TO]</h2> <ol> <li>]</li> </ol> <h2>[REFERENCE]</h2> <ol> <li>]</li> </ol> <p><strong>PAGE - intro</strong></p> <p>- What are you planning to do?</p> <p>Apply to YC</p> <p>get funding, ] launch @ __, ]</p> <p>- What's your startup idea?</p> <p>sospep = knowledge-management + asset-management + procedure-management + contact-management + project-management.</p> <p>An integrated, extensible, web based platform to manage all* of your data, personal and professional, across all of your devices and all of your services.</p> <p>- Do you have a team?<br />No</p> <p>- Is this your first company or have you created anything before?<br />No</p> <p> </p> <h1 style="text-align: center;"> </h1>