Story: Process of sccess
There are a lot of failures behind startup success. We should learn from failure rather than success story. We cannot choose the same process or product.
I picked up these videos for igniting my mind. If you got used to corporate work, no excited in daily life, these videos may work for you.
Startup Journey: Stages Of Startup Development – Linkilaw
Medium: The Start of My Startup Journey
Apoorva Mehta(Instacart) at Startup School NY 2014
©Y Combinator
Founded in 2012, Instacart is an American technology company valued at nearly $8 billion that operates as same-day grocery delivery and pick-up service in the U.S. and Canada. – Wikipedia
– Instacart is a software company. No warehouse, track and inventory.
– Quit Amazon.
– Work full-time for ideas. Try, launch, failure and analyze.
– The reason for a startup the company should never be to startup a company. The reason for a startup company should be to solve the problem you truly care about.
– As a founder, you have to be extremely resilient.
– In the seed round, you have the least amount of traction in your company, you have the least amount of data in your company to convincing investors.
– It’s a journey, as a founder, is an extremely excited one. One that’s filled with hundreds of failures, but if you persist for long enough, you may just got lucky.
I don’t believe just lucky. I believe that the spirit of never give up leads lucky.
Instacart: Groceries Delivered From Local Stores
Zach Sims(Codecademy) at Startup School NY 2014
©Y Combinator
Codecademy is an online interactive platform that offers free coding classes in 12 different programming languages including Python, Java, JavaScript, Ruby, SQL, C++, and Sass, as well as markup languages HTML and CSS. – Wikipedia
– Don’t be afraid to try, the internet levels the playing field.
– There is no excuse not to get started.
– We had to help people learn skills to find jobs.
– If I could learn how to programming well, then probably a couple of people could use it too.
– It’s easier to deal with the roller coaster when you care about what you’re doing.
– Nobody knows what they’re doing, but you don’t know until you try.
Codecademy: Learn to Code – for Free
Ooshma Garg(Gobble) at Startup School SV 2016
©Y Combinator
Gobble is a company designing gourmet dinner kits for clients. It sources ingredients from local Bay Area farmers and prepares dinner kits delivered to customers. It participated in the W14 cohort of Y Combinator.
– Posted on Craigslist and asked who will make dinner for $8 a plate.
– Mission: To deliver home-cooked food to busy people. → To create moments of love.
– If you want to make a business, you’ll need to get a technical cofounder.
– If you ever want to meet someone that’s really hard to reach and you really want to meet them, always tell them nearby or next door.
– First, you figure out distribution innovation, and then you’ll figure out how to scale it.
– I have all ambition, but I had lost my mission. My north star was revenue.
– No one had applied personalization technology on food industry.
– When your choices are joined to Y Combinator or die, you put ego aside.
– As a founder of your company, it is always good to go back to basics and it’s always good to talk to your customer.
– If you meet with your customer, you’ll see not only what you’re doing, but you’ll see why you are doing it.
– Once you find your mission and your north star and you set it in the right place, everything falls into place.
– Ambition is very singular, the mission is shared.
– If you recruit people or convince people based on mission, they will leave in a tough time.
1. Have grit in your core. It is your ability to keep going even when it hurts.
2. Have experiments in your head.
3. Have your mission in your heart.
Gobble: Dinner kits designed for 15 minutes with 1 pan
Techcrunch: Gobble Raises $10.75M For Its 10-Minute Dinner Kits
Kathryn Minshew(The Muse) at Startup School NY 2014
©Y Combinator
The Muse: Job Search, Companies Hiring Near Me
Sounds very startup pitch talk(style), quick, concise and confident.
Danae Ringelmann(Indiegogo) at Startup School SV 2014
©Y Combinator
Indiegogo: Crowdfund Innovations & Support Entrepreneurs
– If you see something, do something.
– Democratize access to capital
– Know your why
– Passion about what are you doing
– Attract talented people, they care why to do
– 5 whys, why are you doing this? 5 round.
– The team should be diversity, gender and nationality
– Drawing 6 pictures, I love working as XXX, because…
– Example: Changing the industry, be ourself, work with people, helping people…
– Culture=people’s value and behaviour
– Build something meaningful and important
Travis Kalanick(Uber) at Startup School 2012
©Y Combinator
Uber was not the current looks at first. The product transforms to adapts to the market and expanded the service globally. The idea should be released to the public. We don’t have to evaluate it ourselves. The market tells us it needs in society or not.
Some of Uber info:
– Simple idea of a startup needs to expand globally / quickly. therefore, it needs capital.
– Provide flexible work opportunities to ordinary people.
– Customer knows where Uber is.
– Customer knows a fee before riding.
David Lee(investor) at Startup School NY 2014
©Y Combinator
– There has never been a better time to start a company.
– The price you have to pay in order to do what you love for a living, and that’s a pretty steep price.
– How to evaluate as an investor
– Founder first, idea second
– Good elevator pitch keeps it simple
– The funder has to express vision to others
– Good listener, strong will but flexible
Tech Crunch: Ron Conway’s Confidential Investment Guide: The Tech Megatrends
– How to choose the investor
– Value add, funder, industry, or customer
– You have choice ever in the history
– What I learned from Ron Conway
– Building the reputation is the biggest asset
Conclusion: Dive into startup environment
In 2019, I’ve started to think about startup ideas. Sometimes, I come up with an idea. It often relates to my experience. I need a strong determination to develop a product.
The reason I started thinking is that I read the article which is written by the entrepreneur of a recycling business. He said to think about your surround, what do you think to need.
Therefore, I am thinking about a solution when I encountered (or see) a problem in my life. I don’t follow only a trend, SaaS or IoT. I want to find an analog idea.
