Dalton Caldwell's focus on the essentials and his "just don't die" mantra are crucial reminders for startups navigating the complex landscape. It's a testament to the power of perseverance and adaptability in the face of challenges. 👍
"Inspiring and informative, I loved it! Caldwell's reflection on his collective personal experience brings out a lot of gold nuggets for aspiring founders and product fanatics out there. Thank you, Lenny, for your deep insightful questions exploring both breadth and depth (Like always)."
Great interview! Thanks for sharing. Always great to hear from Dalton. Lots of simple but great advice in there. The pitch for Siphox sounds a lot like the pitch for Theranos, they must be fuming that those frauds caused so much reputational damage.
Solid insights on the "Just don't die" philosophy, Dalton. Entrepreneurs should also remember that pivoting isn't just about changing the product; it's about iterating until you find a market fit, even if it means targeting a completely different audience than initially planned. And always validate the new direction with real customer feedback before going all in.
@@davidlpz22 someone like you or I, should think that, because this appears to be an entire episode, of u contextualized, inquisitions? Information? Apparently it makes sense? Here's, an easy way, Dave. Bud. If I can say that, it's like asking David Cho to earn a Michelin star off the Sweet Tomatoes buffet. Does, that make sense to anything you're familiar with?
@@LennysPodcast The OG Avengers! Also would love to see you interviewing/giving feedback to some early stage founders. Not sure on logistics, but would be an amazing insight for you to take varied 10 YC co's who have just finished a batch, 15-20 minute interview with each, 2 way discussion of them outlining how they are setting themselves up on product & growth, and you feeding back wisdom. Dalton's comment on tailoring advice for different stages was good, but you can apply Lenny San kaizen at all stages.
Hi Lenny, you and Dalton discussed startups pivoting, but didn't cover it fully. I'm curious about what exactly happened for companies like Instagram, Slack and others which went through massive pivots or several rounds of pivots, and the parameters under different scenarios. Is it possible that you could invite one or two founders who went through that process and can talk about pivoting from the founder's perspective?
YC is a very elitist org by design. And I don’t blame it. However it’s pretty misleading for regular middle class founders who didn’t graduate from Stanford. How do regular founders succeed? We need much greater emphasis on smart founders who don’t have a network, don’t have money, don’t have anything, live in countries without entrepreneurial culture. How can we do this?
You can start by building your own network, and save some cash on the side. Those obstacles are rarely outside your control if you really think about it (I’m from a 3rd world country and managed to do just this).
YC is the least elitist big name VC by a long shot. They literally have a form on their website anyone can fill out with no introduction required. Also no Stanford degree required. The YC founders in my city in Canada did not go to Stanford, and had no US investor network when they got in. And to answer your question, you just build things repeatedly until people start paying you a lot of money for something you made. There is an amount of luck involved, which is why it's hard to give specific advice about exactly what to "do".
@@AlexWilkinsonYYCbut they require you to have a website and business name. Yet they claim they accept only ideas. Misleading. It turns people away. Those fields are required to submit the form. There’s literally validation logic there.
@@AlexWilkinsonYYC Sure, I take your points. By the way it’s not wrong to be elitist, it’s actually good in some ways. It’s about making money at the end of the day. And that means managing risk by choosing safe bets.
@@denysolleik9896 If you don't have a business registered they can't do the SAFE to invest in your company. If you don't have a website it would indicate the person may not be a self-starter, which would be a red flag for many investors. A website can be created for free, and there really isn't a reason to... not have one?
Did I notice some tone of ridiculing rejected founders without any specific reason, just because investors have that "power" to watch founders try hard and then get grounded?
would brex be successful without yc though? it seems yc is a bit of a ponzi scheme these days where the companies sell to each other and grow their valuations and then get bought out by a large tech.
YC founder here. A ponzi scheme by definition is one where no actual value is created. Brex is used by something like 30% of batches to this day which wouldn't happen if the product wasn't any good. Do founders sell to each other? Absolutely. Do they sometimes sell to them even though they aren't their ideal customers and just buy each others product? For sure. But they'll churn just like any other customer would. It's entirely fair to ask the question but 9/10 founders are just building for themselves and who better to sell to than other founders (if that's who your customer is).
@@matthewmorley7218 fair assessment matthew but i would say ponzi is also stuff like herbalife where you can argue they have value but the growth is unnatural. wouldnt you say yc in particular due to the strong early successes have fallen into this trap recently?
Ponzi scheme is a zero sum system - so someone must lose for the other person to win. Unethical. Brex would be more like building a hammer that is used by you and all your friends, so everyone benefits. Ethical.
Or just stop, let it crash, get over yourself, and go do something *actually* helpful to people. It’s just a game. I’m a founder, too btw. None of us is a messiah
That's a familiar face! Great interview Lenny. We love to see it.
Love u 🫶
@@LennysPodcast first 5 minutes have nothing! listener losing interest...
@@lotus-chain i didnt?
I’m
I'm a simple guy, I see Dalton - I click
He has a very calming aura.
As a bootstrapped founder who has not lost hope, I found this interview insightful. Thank you Lenny and Dalton.
Dalton Caldwell's focus on the essentials and his "just don't die" mantra are crucial reminders for startups navigating the complex landscape. It's a testament to the power of perseverance and adaptability in the face of challenges. 👍
one of the best podcasts I have heard in a long time.
Real person, real experience, real advice.
Thx
One of the best podcasts I ever listened to. Nailed every reason why I failed with my startup. Incredible - Thank you from Sweden
What was your startup idea bro? Would love to hear about a start up from Sweden
lol
Dalton was our group partner during YC, his no-nonsense advice is super valuable, learned a lot from him.
The columbo show was a great answer by Dalton, I’ve been studying Columbo and the way he disarms people, it’s very helpful in sales situations
man your show is improving significantly every episode, i can't thank you enough
"Inspiring and informative, I loved it!
Caldwell's reflection on his collective personal experience brings out a lot of gold nuggets for aspiring founders and product fanatics out there. Thank you, Lenny, for your deep insightful questions exploring both breadth and depth (Like always)."
Dalton and Lenny!!! Invaluable advice watching this
This episode was one of my favourite episodes so far! As an early stage founder this is priceless information which I very much find useful!
Thanks Lenny and Dalton, much appreciated.
Watched till the end, something I rarely do. Many thanks for this authentic, down to earth advice episode. :)
Great interview! Thanks for sharing. Always great to hear from Dalton. Lots of simple but great advice in there.
The pitch for Siphox sounds a lot like the pitch for Theranos, they must be fuming that those frauds caused so much reputational damage.
Brilliant, love to hear from Dalton and co. Great content
I always recommend your channel to my trading friends. You really know what you're talking about!
Great interview packed with insight and honest pragmatism ❤
if you enjoy the process and love your customers, just keep going -- yes
when you say it like that it sounds creepy
Solid insights on the "Just don't die" philosophy, Dalton. Entrepreneurs should also remember that pivoting isn't just about changing the product; it's about iterating until you find a market fit, even if it means targeting a completely different audience than initially planned. And always validate the new direction with real customer feedback before going all in.
Like many others, this video is a real inspiration, thank you.🎄
Always great to hear from Dalton
9 mins in and I’m sooooo glad I clicked on this today. Love this! ❤❤
Dalton is the 🐐
Put yourself in the investors shoes, thats valuable advise.
Lenny’s podcast is the best startup/founder podcast around!!!
Gem packed video ☄
This guy's sounds like someone I actually couldn't learn from.
I'm 100% confident that's not my problem, either.
Curious. Why in particular do you think that?
@@davidlpz22 someone like you or I, should think that, because this appears to be an entire episode, of u contextualized, inquisitions? Information? Apparently it makes sense?
Here's, an easy way, Dave. Bud. If I can say that, it's like asking David Cho to earn a Michelin star off the Sweet Tomatoes buffet. Does, that make sense to anything you're familiar with?
@@garageliftrunnerYou ok, boss?
Thanks for the insights Dalton and Lenny
Thanks for this. I really need this great insight.
the way Dalton expresses himself in like a dominant way is making me bend my knees, that's another level of confidence, I hope I will get there
Fantastic! Dalton is amazing!
We DEMAND more people from YC!!!!
Haha! Who would you love to see?
@@LennysPodcast Paul & Jessica - together
@@earlytoarrive How epic would that be!
@@LennysPodcast The OG Avengers! Also would love to see you interviewing/giving feedback to some early stage founders. Not sure on logistics, but would be an amazing insight for you to take varied 10 YC co's who have just finished a batch, 15-20 minute interview with each, 2 way discussion of them outlining how they are setting themselves up on product & growth, and you feeding back wisdom. Dalton's comment on tailoring advice for different stages was good, but you can apply Lenny San kaizen at all stages.
@@LennysPodcast PG, Michael S, Garry, anyone really
Amazing tutorial video, it really works thanks for sharing
Really enjoying the content
Excellent Pod Cast Dalton is a great guy a down-to-earth person, oh and very funny.
Great video Thanks a lot ❤
Amazing interview! I would love the list of 20 startup ideas. Is that going to be linked or did I just not see it? 🤔
Here you go! www.ycombinator.com/blog/ycs-latest-request-for-startups
Hi Lenny, you and Dalton discussed startups pivoting, but didn't cover it fully. I'm curious about what exactly happened for companies like Instagram, Slack and others which went through massive pivots or several rounds of pivots, and the parameters under different scenarios. Is it possible that you could invite one or two founders who went through that process and can talk about pivoting from the founder's perspective?
Check it out www.lennysnewsletter.com/p/the-art-of-the-pivot-part-1-the-definitive
Thank you so much!@@LennysPodcast
Banger episode! Thank you Dalton and Lenny!
It’s a post tc/ip compute. The show up the close is fun.
YC is a very elitist org by design. And I don’t blame it. However it’s pretty misleading for regular middle class founders who didn’t graduate from Stanford. How do regular founders succeed? We need much greater emphasis on smart founders who don’t have a network, don’t have money, don’t have anything, live in countries without entrepreneurial culture. How can we do this?
You can start by building your own network, and save some cash on the side. Those obstacles are rarely outside your control if you really think about it (I’m from a 3rd world country and managed to do just this).
YC is the least elitist big name VC by a long shot. They literally have a form on their website anyone can fill out with no introduction required. Also no Stanford degree required. The YC founders in my city in Canada did not go to Stanford, and had no US investor network when they got in.
And to answer your question, you just build things repeatedly until people start paying you a lot of money for something you made. There is an amount of luck involved, which is why it's hard to give specific advice about exactly what to "do".
@@AlexWilkinsonYYCbut they require you to have a website and business name. Yet they claim they accept only ideas. Misleading. It turns people away. Those fields are required to submit the form. There’s literally validation logic there.
@@AlexWilkinsonYYC Sure, I take your points. By the way it’s not wrong to be elitist, it’s actually good in some ways. It’s about making money at the end of the day. And that means managing risk by choosing safe bets.
@@denysolleik9896 If you don't have a business registered they can't do the SAFE to invest in your company. If you don't have a website it would indicate the person may not be a self-starter, which would be a red flag for many investors. A website can be created for free, and there really isn't a reason to... not have one?
soo good thank you for the pod
I think the customer meetings can be via zoom. Not all of them need to be in person.
Love Dalton! He always has great insight.
Does Y C just deal with computer based companies or actual physical product companies too? Thanks
Mostly software-driven, but yes they do hardware/physical products too. But, generally technology driven, vs. say a better toilet paper.
agree with dalton. ur throwing nuance questions.
Great episode!
this is so, so good!!! ty
Dalton vs Gustaf viewcount battle begins
Lol. Lenny would love this.
Did I notice some tone of ridiculing rejected founders without any specific reason, just because investors have that "power" to watch founders try hard and then get grounded?
Hilarious part of 20 mins on. Uber has 40k corporate employees. Uber built today could see a 10x reduction in staffing.
8:00 "irrational drive" you mean hope and love
Thanks guys!
Wou so deep!
Columbo is outstanding
nice video thanks
Just don't die!
The companies like Brex that were despondent at times were perhaps just more honest founders and perhaps that's why they were more successful.
**
- They REALLY want it
- They REALLY believe in themselves
- They REALLY believe they can make it work
- They believe that they're the one for this
Damn I have been binging on Columbo
Everything is designed in my mind in simple spanglish
was interesting 👍⭐
You can increase the conversion rate of your ads if you add a QR code with a link to your page at the advertised resource
"I AM THE ONE", ha classic.get after it
What not should have been keep in the last 😂 0:12
80% of startup videos about B2C, 20% about B2B, 0% about B2G
does y combinator fund B2G?
people will not remember you fondly. They'll forget you after you're out of their sight
Donno?
❤
would brex be successful without yc though? it seems yc is a bit of a ponzi scheme these days where the companies sell to each other and grow their valuations and then get bought out by a large tech.
YC founder here. A ponzi scheme by definition is one where no actual value is created. Brex is used by something like 30% of batches to this day which wouldn't happen if the product wasn't any good. Do founders sell to each other? Absolutely. Do they sometimes sell to them even though they aren't their ideal customers and just buy each others product? For sure. But they'll churn just like any other customer would. It's entirely fair to ask the question but 9/10 founders are just building for themselves and who better to sell to than other founders (if that's who your customer is).
@@matthewmorley7218 fair assessment matthew but i would say ponzi is also stuff like herbalife where you can argue they have value but the growth is unnatural. wouldnt you say yc in particular due to the strong early successes have fallen into this trap recently?
Ponzi scheme is a zero sum system - so someone must lose for the other person to win. Unethical. Brex would be more like building a hammer that is used by you and all your friends, so everyone benefits. Ethical.
What’s wrong with paying influencers? 😅
Ne er heard of any of these things
Instructions unclear, I'm dead now
Wyd here?
Anderson Steven Jones George Gonzalez Linda
📌
This guy Dalton is .... It's obvious he doesnt do things seriously.
that big hand with like 20 fingers thumbs up is very distracting....
Miller Donna Thompson Mark Moore Helen
Or just stop, let it crash, get over yourself, and go do something *actually* helpful to people. It’s just a game. I’m a founder, too btw. None of us is a messiah
you need help
Great stuff Lenny! Keep it up.🫡