A man who took office as venture capital representative at the age of 28 talks about "how to start up"

ByTechCrunch

A venture company is known for raising Dropbox and Reddit with a different investment style of consulting to gain funds from major venture capital and influential angel investors to further expand business "Y CombinatorFounder'sPaul GrahamHe took over as a 28-year-old young manSam AltmanMr. lectured at the alma mater's Stanford University on the theme of "Getting Started".

Mr. Altman, who is also a senior to the entrepreneur himself also found in the Y combo about the indispensable "idea" at all starting a start-up from the lecture spoken largely on four themes, the next generation entrepreneur The contents which told to you is like this.

Sam Altman - Lecture 1: How to Start a Startup | Genius
http://tech.genius.com/Sam-altman-lecture-1-how-to-start-a-startup-annotated

Years since joining the Y combinator, Mr. Altman continued teaching the theme "How to start up startup?" This time, I have reproduced the advice actually made with Y combinator for students who are interested in the start-up of Stanford University.

Although Altman's lecture content is based on actual experience, it is meaningful for (ambivalent) entrepreneurs (eggs) of ambition to make a start-up, but note that there are cases in which it is not going well in companies that are not start-ups such as large companies I have a provision that I want it.

Mr. Altman's lecture can be confirmed in the following movie.

Lecture 1 - How to Start a Startup - YouTube


◆ 1: "Good" Idea

BySean MacEntee

The idea is important to start up startup. Recently, "Idea is not so important" "It is important that" pivot "which corrects a bad idea immediately is important", and the tendency to be caught as if it is better to pivot more There is, but useless ideas can not go anywhere. It is said that if you are caught in pivot faith it will stop mass producing "failures".

Altman says, "When you carefully look at the examples of companies that succeeded in pivoting, you can see that the core idea was what the founder himself really wanted and that he never decided on the spot." It is.

◆ 2: Thinking things

ByBart

In order to judge whether the idea is good or bad, you need to consider everything, not just the item. If we have a prospect of going to work, even if we spend a long period of ten years there may be times when we should bet on it, but "thinking things" is important for that.

Even though thoroughly produced products did not succeed, it is worth the thought out itself, and at startup, there is a case that the strength accumulated by thought out for a long time later becomes useful a lot.

◆ 3: Grand mission

ByKate m

The idea is that things with a magnificent and important mission are better than anything that everyone seems to be thinking is more likely to be realized than it would be easy to realize. Although paradoxical, Mr Altman says that it is easy to succeed rather than attracting people who sympathize with difficult and magnificent ideas and getting lots of cooperation.

In addition, companies that merely mimic the commonplace without new places just can not impress people outside the company, as well as employees can not plant centripetal force "to work hard until the company succeeds."

◆ 4: To truly see excellent ideas

ByShoobydooby

Mr. Altman thinks that the most difficult thing in creating "ideas" to start a business is "to seem like a crappy idea, but in fact it is a wonderful idea".

For example, in the era when portal sites were competing for the amount of information posted, no one seemed to look even if "search engine only service" appeared (this is an example of Google). In addition, SNS limited to "poor college students" which is not attractive for advertising industry was criticized at first at first (this is Facebook example). A service that seemingly seemingly good has already started by many rivals, and it can not be said that it is an excellent idea.

A really good idea is not easily agreeable to others, but rather I should be proud of that. In addition, it is said that the idea that "I should not talk about startup ideas to others" is a mistake. Because it is not easy to think that a really good idea is good as soon as it is not believed to be "stealing".

◆ 5: Aim for the growing market

ByMarines

Mr. Altman thinks that it should be a small market so we should try out ideas that nobody is working on. The mistake often made by entrepreneurs' eggs is that "the first item should be a good-looking service." However, Mr. Altman says that at first it should attack the small market of the target user and gradually expand the market from there.

What we should pay attention to is "how much the market will grow in the future" and aim for a market that may become a huge market within 10 years. In addition, Mr. Altman says that when deciding whether to invest in start-up or not, we emphasize the "growth rate" of the market that the company challenges, and that the current market size is irrelevant.

◆ 6: Courage to "Wait"

ByDavid Ohmer

The idea is to spread towards the goal, but we should have the courage to wait until we find the core idea when we start the startup, and find out what we really like.

◆ 0: major premise
Mr. Altman who gave a lecture on "How to start up" talks about "Product", "Team", "Execution" besides "idea". However, as a major premise that keeps these four important things in mind, he says that "reason for starting up startup" is necessary.

Mr. Altman says that if there is a motivation to earn money, there should be a simpler way than startup and that should be chosen. There are two reasons to start the startup: "There is no one who has the ability to solve the problem only by himself" and "Because startup is the way to solve the problem". If you want to start up, you need "passion" just to cope with severe events that you have to wait on.