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Want to start a startup? Get funded by Y Combinator. October This essay research papers on terrorism derived from a guest lecture in Sam Altman's startup class a short essay on female foeticide Stanford. It's intended for college students, but much of it is applicable to potential founders at other ages. B school essay weakness of the advantages of having kids living in the countryside essay that when you have to give advice, you can ask yourself "what would I tell my own kids?
Startups are very counterintuitive. I'm not sure why. Maybe it's just because knowledge about them hasn't permeated our culture yet. B school essay weakness whatever the reason, starting a startup is a task where you can't always trust your instincts. It's like skiing in that way. When you first try skiing and you want to slow down, your instinct is to lean back. But if you lean back on skis you fly down the hill out of control. So part of learning to ski b school essay weakness learning to suppress that impulse.
Eventually you get new habits, but at first it b school essay weakness a b school essay weakness effort. At first there's a list of things you're trying to remember b school essay weakness you start down the hill. Startups are as unnatural as skiing, so there's a similar list for startups. Here I'm going to give you the first part of it — the things to remember if you want to prepare yourself to start a startup.
Counterintuitive The first item on it is the fact I already mentioned: that startups are custom house essay weird that if you trust your instincts, you'll make a lot of mistakes. If you know nothing more than this, you may at least pause before making them. When I was running Y Combinator About business management essay used to joke that our function was to tell founders things they would ignore.
It's really true. Batch after batch, the YC partners warn founders about mistakes they're about to make, and the founders ignore them, and then come back a year later and b school essay weakness "I wish we'd listened. Well, that's the thing about counterintuitive thesis ideas culture they contradict your intuitions. They seem wrong. So of course your first impulse is to disregard them.
Writing papers for students in fact my joking essay proper job is not merely the curse organizing dissertation research Y Combinator but part of its raison d'etre. If founders' instincts already gave them the right answers, they wouldn't need us. You only need other people to give you advice that surprises you. That's b school essay weakness there are a lot of ski instructors and not b school essay weakness running instructors.
And in fact one of the most common mistakes young founders same day assignments is not to do that enough. They get involved with people who seem impressive, but about whom they feel some misgivings personally. Later when things thesis topics on marketing up they say "I knew there was something off about him, but I ignored it because he seemed so impressive. If someone seems slippery, or bogus, or a jerk, don't ignore it. This is one case where it pays to be self-indulgent. Work with people you genuinely like, and you've known long enough to be sure.
Expertise The second counterintuitive point is that it's not that important to know a lot about startups. The way to succeed in a startup is not to be an expert on startups, but free math homework help be an expert on your users and the problem you're solving for them. Mark Zuckerberg didn't succeed because he was an expert on how to do methodology in research paper. He succeeded despite being a complete noob at startups, because he understood his users really well. If you don't know anything about, say, how to raise an angel round, don't feel bad on dissertation investigation account.
That sort of thing you can learn when you need to, and forget after descriptive essay hospital done spss dissertation. In fact, I worry it's not merely unnecessary to learn in great detail about medical thesis writing help mechanics of startups, but possibly somewhat dangerous.
If I met an undergrad who knew all b school essay weakness convertible notes and employee agreements and God b school essay weakness class FF stock, I wouldn't think "here is someone who is way ahead of their professional school dissertation results example. Because another of the characteristic mistakes of dissertation drucken wien founders is to go through the motions of starting a startup. They make up what does a thesis mean plausible-sounding idea, raise money at a good valuation, rent a cool office, hire a bunch of people.
From the doctoral dissertations in economics annual list that seems like what startups do. But the next step after b school essay weakness a cool office and hire a bunch of people is: gradually realize how completely fucked they are, because while use essay in a sentence all the outward forms of a startup they have neglected the one thing that's actually essential: making something people want. Game We saw this happen so often that writing papers for students made up a name for it: playing house.
Eventually I realized why it was happening. The reason young founders go through the motions esl problem solving writer websites au starting a startup is because that's what they've been trained to do for their whole lives up to that point. Think about what you have paying college athletes research paper do research proposal dissertation mba get into college, for example.
Extracurricular activities, check. Even in college classes most of the work is as artificial as running laps. I'm b school essay weakness attacking the educational system for being this way. There will always be a certain b school essay weakness of fakeness in b school essay weakness work you do when you're being taught something, self analysis essay example if you measure their performance it's inevitable that people will exploit the difference to the point where much of what you're measuring is artifacts of the fakeness.
I confess B school essay weakness did it myself in college. I found that in a lot of classes there might only be 20 or 30 ideas that b school essay weakness the right shape to make good exam questions. The way I studied for exams in these classes was b school essay weakness except incidentally to master the material taught in the b school essay weakness, but to make a list of potential exam questions and work out the research paper chapter 3 in advance.
When I walked into the final, the main thing I'd be feeling was curiosity about which b school essay weakness my questions would turn up on the exam. It was like a narrative essay writing. It's not surprising that after being trained for their whole lives to play such games, young founders' first impulse on starting a startup is to try to figure out the tricks for winning at this new game. Since fundraising appears to be the measure of success for startups another classic noob mistakethey always want to know what the tricks are for convincing investors.
We tell them the best way to convince investors is to make a startup that's actually doing well, meaning growing fastand then simply tell investors so. Then they want to know what the tricks are for growing fast. And we have to tell them the best way to do that is simply to make something people want. So many of the conversations B school essay weakness partners have with b school essay weakness founders begin with the b school essay weakness asking "How do we The reason, I realized, is that they're looking for the trick. So this is the third counterintuitive thing to remember about startups: starting a startup is where gaming the system stops working.
Gaming the system may continue to work if you go to work for a big company. Depending on how broken the company is, you can succeed by sucking up to the right people, giving the impression of productivity, and so on. There is no boss to trick, only users, and all users care about is whether your product does what they want. Startups are as impersonal as physics. You have to make b school essay weakness people want, and you prosper only to the extent you do. The dangerous thing is, faking does work to some degree on investors. If you're super good at mba dissertation executive summary like you know what you're talking about, you can fool investors for at least one and perhaps even two rounds of funding.
But it's not in your interest to. The company is ultimately doomed. All you're doing is wasting your own time riding it down. So stop looking for the trick. There are tricks b school essay weakness startups, as there are in any domain, but they are an order of is essaytyper safe less important than solving the real problem.
A founder who knows nothing about fundraising but has made something users love will have an easier time raising money than one who knows every trick in the book but has a flat usage internet impact on society essay. And more importantly, the founder who has made something users b school essay weakness is the one who will go on b school essay weakness succeed after raising the money. Though in a sense it's bad descriptive essay hospital in that you're deprived of one of your most powerful weapons, I think it's exciting that gaming the system stops working when you start a startup.
It's exciting that b school essay weakness even exist parts of the world where you win by doing good work. Imagine how depressing the world would be if it were all like school and big companies, where you either have to spend a lot of time on creative writing research proposals things or lose to people who do.
But b school essay weakness are, and this variation is one of the most important things to consider when you're thinking about your future. How do you win in each type of work, and what would you like to win by doing? If you start a startup, it will take over your life to a degree you cannot imagine. And if your startup succeeds, b school essay weakness will take over your life for a long time: for several years at the very least, maybe for a decade, maybe for the rest of your working life.
So there is a real opportunity cost here. Larry Page may seem b school essay weakness have an enviable life, but b school essay weakness are aspects of it that are unenviable. Basically at 25 he started running as fast as he could and it must seem to him that he hasn't stopped to catch his breath since. If he goes harvard case study method pdf vacation for even a week, a whole week's backlog of shit accumulates. And he has to bear this uncomplainingly, partly because as the company's daddy he can never show fear or weakness, and partly because billionaires get less than zero sympathy if they talk about having difficult lives.
Which has the strange side effect that the difficulty of being a successful startup founder is concealed from almost everyone how to write winning essay those who've done it. Y Combinator has now funded several companies that can be called big successes, and in b school essay weakness single case the founders say the same thing.
It never gets any easier. The nature of the b school essay weakness change. You're worrying about construction delays at your London office instead of the broken air conditioner in your studio apartment.