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Paul Graham Shares Lessons Learned From 630+ YC Startups

160 pointsby joecurryabout 11 years ago

10 comments

martythemaniakabout 11 years ago
I&#x27;m very much looking forward to pg&#x27;s new essays. His pre-YC essays cover a pretty wide spectrum of topics and they were quite influential on me when I read them while still in school.<p>His essays from the last few years are almost exclusively about startups and I think they&#x27;re a must-read resource. IMO, they contain pretty much all the ideas that make up YC and going through the program will mostly reinforce these ideas in a very effective way, rather than teach some new secret.<p>There&#x27;s much to be said about technology and its impact on society, so I hope we&#x27;ll see some great new material.
lazyjonesabout 11 years ago
&gt; <i>Graham said that, after thousands of founder presentations and pitches, he and the YC partners are now able to tell “within minutes” whether a startup will pass muster or not.</i><p>This I find slightly worrying. It&#x27;s amazing if it still works (and I&#x27;ve been wondering how YC was still able to scale), but is the minimum amount of information that needs to be exchanged between startup and YC in order to get a good assessment really that small? Or is the quality of selection (due to scaling issues &#x2F; less time per applicant) nowdays compensated by the effect of YC&#x27;s reputation?
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vineetabout 11 years ago
The entire video of the interview is here: <a href="http://www.youtube.com/watch?v=0rVpAKziQJA" rel="nofollow">http:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=0rVpAKziQJA</a>
lifeisstillgoodabout 11 years ago
Err, Sam Altman is the only beta tester of a YC-company trying to develop a better email client?<p>Anyone got any more details on this? Is this just an inside joke that I don&#x27;t get? (Yes I remember the build-better-email-client thing, but actually trying, and using one beta-tester?)<p>To be honest I no longer think an email client is the problem. Its the lack of contact book, integration with all my devices and just generally tying up my orgnaisation for me - frankly a better email client from now is an AI.
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Osmigoabout 11 years ago
&gt;You can be surprisingly stupid if you’re sufficiently determined<p>I think one reason we&#x27;re wrestling with this smart&#x2F;stupid&#x2F;success&#x2F;fail subject is that these words paint with broad brushes. It&#x27;s not just being smart or stupid, it&#x27;s what you&#x27;re smart or stupid about.<p>For example, I knew an uneducated couple who opened a small clothing store. At first, they naively sold merchandise for less than they paid for it. They calculated the markup on belts by adding $4, then adding $3. When I suggested just adding $7, they got angry and said no, you HAD to add $4 first, or it wouldn&#x27;t work. I would have been fired for pressing the issue.<p>Pretty stupid, eh? Maybe. But they were smart, too, about other things. What other things? Some people get MBAs at Harvard and still can&#x27;t figure it out.<p>I watched that couple expand into a small chain of clothing stores with an 8-figure annual cash flow, and retire as millionaires.<p>One can only wonder how long they would have lasted in a YC pitch session. My grandmother used to say, &quot;we&#x27;re all stupid, we&#x27;re just stupid about different things.&quot; The same could be said of &quot;smart,&quot; and I believe success reflects a correctness in this rather delicate dichotomy.
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matryoshkaabout 11 years ago
This is the way to do it: “Start with a small, intense fire.” Those first customers will make or break you.
smrtinsertabout 11 years ago
&gt; Principally, he said, just because someone is intelligent, doesn’t mean they can actually run a business and go out and execute.<p>&gt; “You can be surprisingly stupid if you’re sufficiently determined,” he concluded.<p>Oh that&#x27;s nice.<p>Reminds me of the Simpsons episode when some kid accepts homecoming king with &quot;Thank you for not choosing the popular jock and electing me, your intellectual superior, as homecoming king&quot;.
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waylandsmithersabout 11 years ago
The article mentions that he was a lightning rod and whatnot as the face of YC. I can&#x27;t help but wonder whether he took a step back to really evaluate what he was doing with his time after all those blogs ran with the &quot;Paul Graham is a sexist piece of shit blah blah blah&quot; backlash stories a couple months ago.
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6thSigmaabout 11 years ago
It&#x27;s interesting that PG will no longer be reviewing applications. I wonder who the 10 people he referenced who do review applications are.
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cjf4about 11 years ago
&quot;PAWWWWWL, I gotta startup that corrects misspelled &#x27;Role Tide&#x27; Tattoos. WATCHU THINK??&quot;