article

title

[WHAT]

] sam altman

1] [ideas]

getting an idea, best NOT to have a company
- a project is better
- airbnb example - side project to make some money, so founder could pay his rent
- once you have a company + investors - pressure

- need builders, its hard to hire talent
- think about market, fast growing, huge market, in the future

- [make something people want ]
-- most founders get it wrong
-- if you get that right, you can do almost anything else wrong
-- vice versa,

- [act quickly], make decisions, practice doing this, learn to be more decisive

- [formidable] - tough, can also get better at this,

- [users], have users that are close to you and will give you feedback
-- press launch doesnt get you the users you need
-- example pinterest founder ben silverman -
-- talk to users, listen to users
-- dont decieve yourself, about how much users love your project, be honest

[burn rate] how much your losing each month, dont decieve yourselve,
can run into
if your burn rate is low or you

[strategy]
articulate your strategy in a few sentences
essay pg ON fundraising

[ask for what you want]
[know the press] yC says leave out anything the press says about them
- dont care what the press says
- how much your making, how fast your growing (Most founders get it wrong)

[generate revenue early]
- the right culture, the right focus
.. break

[hiring]
- really important
- give early hires a lot of equity, first 10, 10%,
- you want people who are so good they can do their own companies

- fire people quickly - its hard to do - painful experience
- dont work with people you dont have a good feeling about
-

[scaling] getting users at scale
- important to learn about sales and marketing
- 5/6 different ways, best way is word of mouth, doesnt always work enough

[ growth rate]
-- best startups know what it is all times
-- whatever the ceo measures, is what the company
-- zuck - what you do when growth stops, inspirational speech should be saved, focus on small tactical wins, something to grow this week

- " best companies are full of MISSIONARIES not MERCANARIES
-- want your people to believe
-- if ppl believe they will work harder

[focus] spending time on things that dont matter
- playing house version of startup (conferences, meetings, )
- focus on the product and the users, intensely, every day
- prioritize, spend time on things that are critical

[excuses] take responsibility
- transition from building a great product to building a great company
- very difficult to do
- things get done in the world, focus and personal connection
- building personal connections with your employees

[aquisitions]
- process corp dev -
- assume the offer will be about 1/10 of the first big number they toss out
- dont do this unless your ready to sell
- startps are hard work 10 years
- can be your biggest attempt to change the world

[WHY]

] right business model for non profit startups

] more than 1 -
] extremely hard to raise money

] only hiring freelancers

] really hard to do, dont recommend it , cycle time is too long

] outside the valley, outside NA

] the internet , you can do it from anywhere,
] current batch has

] early hire qualities

] similar to founder, generalist, smart, believers, team players,
] diversity in background is good, diversity in vision is

] best region to start a startup

] can do it so many places
] travelled a lot, many great startups, all over
] most successfull companies founders a
] funding is the main thing, many people
] 2000 incubators, all over the world
] the trick is to get
] come to the valley when you need HUGE capital

] why does YC work from home VS work in co-working space

] truly revolutionary ideas

] do you need previous business experience

] more important to have the ablitity to build a product, then it is to build a business

] why is YC so successfull?

] fortunate to get the best applications
] small partners who spend all their time trying to help startups
] strong alumni - who help

] secrecy

] value comes from the execution - not the idea, important to not overdue the secrecy

]

[WHERE]

] plaxi

[WHEN]

]

[EXAMPLE]

]

[HOW-TO]

]

[REFERENCE]

]

PAGE - intro

- What are you planning to do?

Apply to YC

get funding, ] launch @ __, ]

- What's your startup idea?

sospep = knowledge-management + asset-management + procedure-management + contact-management + project-management.

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.

- Do you have a team?
No

- Is this your first company or have you created anything before?
No

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