Chapters (Powered by ChapterMe) - 00:00 - Coming Up 00:21 - Intro 00:40 - Sourcing Advice 01:26 - Strange Ideas 02:29 - Best Practices 03:41 - On Campus Innovation Hub 05:21 - Advice and Therapy 06:54 - No advice vs Bad Advice: Be Picky 08:47 - Local Bad Advice 10:07 - Bay Area Advice 11:52 - Outro
I didn't get into YC this April, took a bank loan, and refined my product for the market. Everyone told me not to do it. It's quite possible that this has become my best decision. PS. That moment when you get double the benefit from both the video and the COMMENTS. Thank You, guys.
Many young entrepreneurs are getting caught in the allure of "Innovation Accelerators" that emphasize everything but the core essentials of building a successful startup. Instead of focusing on product development and customer engagement-the true drivers of a startup’s success-these programs often divert attention to secondary aspects like networking and other peripheral activities. This misallocation of focus can hinder real progress and distract from what matters most: creating a product that solves a genuine problem and effectively engaging with customers to refine and validate it. Love from 🇮🇳🇮🇳.
The key point is that every successful startup has their own journey. Every success is unique. Trying to learn from other people and thinking that it can lead to a success is unrealistic. You have to figure out your own way. This is the truth.
I have worked in startups and also in the eco system of incubators. A totally agree with almost everything you say. My advice is to not join a local incubator if you are not selected by a better incubator. The employees have no experience from building companies like a startup. The process of the incubation is more or less a total waste of your time. I ususally recommend startups that I meet to watch a set of videos from Y Combinator. Keep up the good work and helping people doing great things! Thank you!
"Go to where the top 1% of experts and investors in the industry are" is the advice I needed when I got the "just start where you are" advice. Yes, there were local experts, but the market told me I was in the wrong place and I did not listen. It is the main reason my startup failed.
@iGhostr No, I was already in the US, but I was in a small town. Should have moved to an innovation hub for the industry. It was an Inexpensive place to live, but an expensive way to learn and grow a startup.
It's not so bad to stay where you are and build your company, because sometimes you need to stay next to your market in order to feel it and build best solutions. For an entrepreneur like me living in Africa and willing to build solutions mainly for africans I've nothing to do in the Bay, at least for now, may be later when my company will grow. I think you need to be next to your market, at least at the beginning. There is great and universal advices that we can get thanks to Internet fortunately
My advice: it is ok to think! I hear and see so many new entrepreneurs proud of their mistakes, when in fact, had they sat down and thought a bit before doing, they would have halved their failure count.
Thanks. Yeah I get bombarded with teams offering advice via these startup programs. The top companies/experts are unobtainable for people like me. Wild
1:50 Something like that happened to me once. I didn't have to chnage my whole world view on it, but i did have to expand my perspective to not just internet startups. Now I know that each business has its own underlying dynamics. Sure, there are overlaps between industries, but each niche is different. The strategy for an internet startup is probably quite different than a hot dog stand for fairs, festivals and other events. I had to basically unlearn an ideology. I'm glad someone helped me and getting a bit older helped as well. 10:07 Those are some good tips. They aren't complicated, but are very important. Don't discount the basics.
Hate to call them out but a good example is SaaS Academy and similar companies. On paper it looks good, but they charge a lot for “startup advice” that is a lot of fluff and not really based on building great products but rather focused on selling mid products. Just be picky folks.
So just advice from someone else than them is probably bad advice ? :p I'm kind of disappointed by this video. I was expecting tips to help me distinguish good advice between bad ones
That is definitely not what they are saying. Get your advice from someone that has done successful startups before. Otherwise be picky with the advice you get from general advisors.
It made perfect sense… if you wanted to play pro sports you need pro coaching or Gods blessings of athleticism and even then… There would be a skill gap
Jesus, I feel like these people make videos for themselves. Yes, YC has been successful but what has worked in the past doesn't guarantee future success. The "good" advice they think they have could be and probably is outdated. The idea you have to be in the Bay Area to build a quality network is just dumb. Look all the the successful $1B+ remote companies that have been built over the past several years. Dont get caught in the past.
Good video guys. BTW I have a question based on the topic. Let say there is an entrepreneur who is God in retail, direct selling, brick and mortar businesses. He generates a lot of money doing that. He have done it multiple times, also helps people achieve same. He have millions of followers in social media. Now, let say I am a tech guy, want to start a tech startup, but have no idea about business. So should learning the core business, marketing, sales concepts from that person a good idea? Please share your thoughts on this. Thank You
I think the #1 question you should ask yourself is “have I identified a real life problem people (or companies) have?”. Because the golden rule is “MAKE SOMETHING PEOPLE WANT”, which by the way is the motto of YC.
Considering the financial 'success' of people like this, 'advice for idiots' has become an entire cottage industry of sorts. It's crossed over from snake oil to legitimate business. Sad, but most arguments stop once the money starts rolling in.
Founders should take advice from personal startup coach XD joking. Founders should be sourcing advice from YC or hang out with people in Bay Area who has domain expertise in this field. I need to relocate for proper breathing.
Introduction and Question: Are You Getting the Best Startup Advice? - 00:00:00 The Challenges of Debugging Bad Advice - 00:00:37 Seeking Advice from the Right Sources - 00:02:42 Local Ecosystems and Misaligned Incentives - 00:03:50 The Appeal and Pitfalls of Local Advisors - 00:05:23 The Importance of Trusted Support Systems - 00:06:21 Online Resources vs. Local Bad Advice - 00:06:57 Examples of Worse Than Nothing - 00:07:36 The Impact of Local Bad Advice on Startups - 00:08:44 Innovation Labs and Misaligned Motivations - 00:09:13 Advantages of Bay Area Density and Optimism - 00:10:15 Contrast Between Bay Area Advice and Local Advice - 00:10:51 The Value of Good Advice and Optimism - 00:11:30 Final Thoughts and Recommendations - 00:12:01
@@phoenix-613 exactly, especially if you’re a founder trying to survive, none of this is funny. Really, just be normal and communicate your thoughts with a normal conversation
Chapters (Powered by ChapterMe) -
00:00 - Coming Up
00:21 - Intro
00:40 - Sourcing Advice
01:26 - Strange Ideas
02:29 - Best Practices
03:41 - On Campus Innovation Hub
05:21 - Advice and Therapy
06:54 - No advice vs Bad Advice: Be Picky
08:47 - Local Bad Advice
10:07 - Bay Area Advice
11:52 - Outro
I didn't get into YC this April, took a bank loan, and refined my product for the market. Everyone told me not to do it. It's quite possible that this has become my best decision.
PS. That moment when you get double the benefit from both the video and the COMMENTS. Thank You, guys.
Many young entrepreneurs are getting caught in the allure of "Innovation Accelerators" that emphasize everything but the core essentials of building a successful startup. Instead of focusing on product development and customer engagement-the true drivers of a startup’s success-these programs often divert attention to secondary aspects like networking and other peripheral activities. This misallocation of focus can hinder real progress and distract from what matters most: creating a product that solves a genuine problem and effectively engaging with customers to refine and validate it.
Love from 🇮🇳🇮🇳.
The key point is that every successful startup has their own journey. Every success is unique. Trying to learn from other people and thinking that it can lead to a success is unrealistic. You have to figure out your own way. This is the truth.
I see new Dalton & Michael video, I click. Simple.
I have worked in startups and also in the eco system of incubators. A totally agree with almost everything you say. My advice is to not join a local incubator if you are not selected by a better incubator. The employees have no experience from building companies like a startup. The process of the incubation is more or less a total waste of your time. I ususally recommend startups that I meet to watch a set of videos from Y Combinator. Keep up the good work and helping people doing great things! Thank you!
"Go to where the top 1% of experts and investors in the industry are" is the advice I needed when I got the "just start where you are" advice. Yes, there were local experts, but the market told me I was in the wrong place and I did not listen. It is the main reason my startup failed.
Can you elaborate? Did you move to US?
@iGhostr No, I was already in the US, but I was in a small town. Should have moved to an innovation hub for the industry. It was an Inexpensive place to live, but an expensive way to learn and grow a startup.
@@theborednerds If it failed - what was it?
@@theborednerds Thanks, amazing insight, glad you shared it
It's not so bad to stay where you are and build your company, because sometimes you need to stay next to your market in order to feel it and build best solutions. For an entrepreneur like me living in Africa and willing to build solutions mainly for africans I've nothing to do in the Bay, at least for now, may be later when my company will grow. I think you need to be next to your market, at least at the beginning. There is great and universal advices that we can get thanks to Internet fortunately
More videos please. Can literally listen to Dalton and Michael talk for hours.
Bro they have like hundreds of hours already uploaded
@@armanlone1414 and I’ve seen them all lol. Could still go for a weekly hour long D+M podcast.
My advice: it is ok to think!
I hear and see so many new entrepreneurs proud of their mistakes, when in fact, had they sat down and thought a bit before doing, they would have halved their failure count.
Thanks. Yeah I get bombarded with teams offering advice via these startup programs. The top companies/experts are unobtainable for people like me. Wild
Maybe start lower and realize we are not in a ZIRP environment so much of these Guy’s advice will not work
Perfect timing, I just made a coffee. Let's watch!
1:50 Something like that happened to me once.
I didn't have to chnage my whole world view on it, but i did have to expand my perspective to not just internet startups.
Now I know that each business has its own underlying dynamics.
Sure, there are overlaps between industries, but each niche is different.
The strategy for an internet startup is probably quite different than a hot dog stand for fairs, festivals and other events.
I had to basically unlearn an ideology.
I'm glad someone helped me
and getting a bit older helped as well.
10:07 Those are some good tips. They aren't complicated, but are very important.
Don't discount the basics.
11:16 great advice for a ZIRP environment in 2017
Reminds me of people who work in finance - think they're geniuses, but have no real skills.
L take
“As nice as it is to watch a UA-cam video, you can’t talk to us.”
Time to build AI Dalton and AI Michael
Hate to call them out but a good example is SaaS Academy and similar companies. On paper it looks good, but they charge a lot for “startup advice” that is a lot of fluff and not really based on building great products but rather focused on selling mid products. Just be picky folks.
That's why I prefer to take advice from people on the ground. Not the manager, not the founder, n definitely the friendly investor.
Love you guys thanks for posting ❤
So just advice from someone else than them is probably bad advice ? :p I'm kind of disappointed by this video. I was expecting tips to help me distinguish good advice between bad ones
That is definitely not what they are saying. Get your advice from someone that has done successful startups before. Otherwise be picky with the advice you get from general advisors.
It made perfect sense… if you wanted to play pro sports you need pro coaching or Gods blessings of athleticism and even then…
There would be a skill gap
Jesus, I feel like these people make videos for themselves. Yes, YC has been successful but what has worked in the past doesn't guarantee future success. The "good" advice they think they have could be and probably is outdated. The idea you have to be in the Bay Area to build a quality network is just dumb. Look all the the successful $1B+ remote companies that have been built over the past several years. Dont get caught in the past.
nice to know dalton is a real housewives enthusiast like myself
You guys are so great !
I love these two
Those who can't do will teach - but not all those who teach can't do.
So ignore tutorials on how to build computers from scratch? I'm confused by your advice
@@pebre79 It seems like you're just confused in general...
to read blog p marker? who are they?
Search for "Pmarca blog archive"
Good video guys. BTW I have a question based on the topic.
Let say there is an entrepreneur who is God in retail, direct selling, brick and mortar businesses. He generates a lot of money doing that. He have done it multiple times, also helps people achieve same. He have millions of followers in social media.
Now, let say I am a tech guy, want to start a tech startup, but have no idea about business. So should learning the core business, marketing, sales concepts from that person a good idea?
Please share your thoughts on this.
Thank You
I think the #1 question you should ask yourself is “have I identified a real life problem people (or companies) have?”. Because the golden rule is “MAKE SOMETHING PEOPLE WANT”, which by the way is the motto of YC.
Are you getting advice on how to make your business idea successful or advice how to make your company attractive to investors.
aren't YC people supposed to be "Startup Experts"?
I miss the orange room
Considering the financial 'success' of people like this, 'advice for idiots' has become an entire cottage industry of sorts. It's crossed over from snake oil to legitimate business. Sad, but most arguments stop once the money starts rolling in.
Founders should take advice from personal startup coach XD joking. Founders should be sourcing advice from YC or hang out with people in Bay Area who has domain expertise in this field. I need to relocate for proper breathing.
Introduction and Question: Are You Getting the Best Startup Advice? - 00:00:00
The Challenges of Debugging Bad Advice - 00:00:37
Seeking Advice from the Right Sources - 00:02:42
Local Ecosystems and Misaligned Incentives - 00:03:50
The Appeal and Pitfalls of Local Advisors - 00:05:23
The Importance of Trusted Support Systems - 00:06:21
Online Resources vs. Local Bad Advice - 00:06:57
Examples of Worse Than Nothing - 00:07:36
The Impact of Local Bad Advice on Startups - 00:08:44
Innovation Labs and Misaligned Motivations - 00:09:13
Advantages of Bay Area Density and Optimism - 00:10:15
Contrast Between Bay Area Advice and Local Advice - 00:10:51
The Value of Good Advice and Optimism - 00:11:30
Final Thoughts and Recommendations - 00:12:01
why does this feel so scripted fml! sometimes it's just good to have a conversation yc
It’s like y’all reading my mind…
Those who can’t do, teach. Those who can’t teach, teach gym.
the "teach you innovation" thing is so annoying, and usually they also want equity out of the waste of time
why dont you put the chapters at the bottom of the screen from left to right, transparent, so the video is actually fullscreen
Stylistic choice. I actually prefer this way
Ого) что за сладенький занос сейчас был) просто кайф!!!
there is no skill called business:: naval
Try living in europe
😂😂 u guys are so hilarious and obviously U guys have seen it all
Guys, can you cool it on the laughing out loud part? It’s just unbecoming
Strange take
@@bl4ckwhiteandgrey why is it strange asking to communicate your views without laughing every 5 seconds?
@@phoenix-613 exactly, especially if you’re a founder trying to survive, none of this is funny. Really, just be normal and communicate your thoughts with a normal conversation