MAAAN THESE ANSWERS ARE ALL SO ON POINT! And gives me confirmation that I'm on the right path because I gave every answer accurately. loved this Great talk from Michael Seidel, presented very well! love it.
Great talk! AirBnB's payment-processing role was IMO the second big insight, and would not pass the "originality" test in this talk. The first, biggest, colossal insight was that people could flagrantly violate their lease agreements, and in many cases local laws as well, without any serious repercussions, as long AirBnB was popular. I love AirBnB, I use them a lot, and I am 100% sure that this was their original insight. Payments were just the "d'oh" add-on that made it a money factory.
I remember listening to an angle investor that YC invited to talk in a yc-school session and he said that the founder is the most important to him. Not the idea. If the founder is determaned to succeed, and it seems that he/she can do pivoting if nacessary, that is very important. So this is one more thing to know.
Thanks for this. I found this very useful. I made many of these mistakes building my last SAAS and trying to make it ‘perfect’ before launch. I wound up building features that nobody cared about and a new customer became a competitor who built a $100M company. I’m pivoting and will incorporate your recommendations…
Based on point one that Michael said on Founders: Founders need to articulate well. However, being able to articulate well belongs to a small group of people... After 20 years of research, we call the personalities that can articulate well as 'Expositors'. They are a group of people whose personality's strength is to communicate. They can be very charismatic. However they represent a small fraction (about 5%) of the population. Unless they (Expositors) have other personality traits like Craftsman, or Perfectionists, Expositors DO NOT make great products. They make great teachers, politicians, leaders etc. So Founders may need to go for extra coaching or recruit a great orator if they want to succeed in their pitches.
Michael Seibel is such a great speaker!
4:37 Intro starts
thanks bro
"Startup founders role is only for broken people!" I am glad that other people are recognizing this truth.
MAAAN THESE ANSWERS ARE ALL SO ON POINT! And gives me confirmation that I'm on the right path because I gave every answer accurately. loved this Great talk from Michael Seidel, presented very well! love it.
I could listen to Michael all day
I listen to Michael all day
Thank you so much! Great presentation 😊
Great talk! AirBnB's payment-processing role was IMO the second big insight, and would not pass the "originality" test in this talk. The first, biggest, colossal insight was that people could flagrantly violate their lease agreements, and in many cases local laws as well, without any serious repercussions, as long AirBnB was popular. I love AirBnB, I use them a lot, and I am 100% sure that this was their original insight. Payments were just the "d'oh" add-on that made it a money factory.
This was really insightful. Thank you for sharing it.
I remember listening to an angle investor that YC invited to talk in a yc-school session and he said that the founder is the most important to him. Not the idea. If the founder is determaned to succeed, and it seems that he/she can do pivoting if nacessary, that is very important. So this is one more thing to know.
yes. Personality traits like persistency is such an important attribute to Founders. You need someone who plays the long game.
What was his name? Do you remember the speaker's name?
😊
@@Identi3Profiling Sadly I think many founders are doing their startup as a side hustle and a get rich quick scheme.
Always a pleasure listening to Michael
Thanks for this. I found this very useful. I made many of these mistakes building my last SAAS and trying to make it ‘perfect’ before launch. I wound up building features that nobody cared about and a new customer became a competitor who built a $100M company. I’m pivoting and will incorporate your recommendations…
Simple and clear
its not the world that's opressing you... its you, i laughed so hard at that line
Based on point one that Michael said on Founders: Founders need to articulate well. However, being able to articulate well belongs to a small group of people... After 20 years of research, we call the personalities that can articulate well as 'Expositors'. They are a group of people whose personality's strength is to communicate. They can be very charismatic. However they represent a small fraction (about 5%) of the population. Unless they (Expositors) have other personality traits like Craftsman, or Perfectionists, Expositors DO NOT make great products. They make great teachers, politicians, leaders etc. So Founders may need to go for extra coaching or recruit a great orator if they want to succeed in their pitches.
Sounds like a very limiting mindset to have
Technical founders should take a co-founder that has other capabilities. Like what happened to Mr. Seible. He was offered his first
agree!@@זאבגלברד
Great stuff, thank you!
Facilitating surgery in batch to increase access and quality and reduce cost.
My world-class team and Saudi Partnership is my unfair advantage
Did this happen 9 months ago or 9 years or more ago?
goat
I am an energy start up, oil and renewable
Mike you got a nice tan mate
Good points but very time he uses profanity it turns me off. Hope he doesn’t do that with investors. He would’ve lost me at the first “F” word.