How To Change The World? Get The Small Things Right - Dalton Caldwell and Michael Seibel
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- Опубліковано 4 лип 2024
- Dalton Caldwell and Michael Seibel talk about the importance of understanding incentives and doing research when it comes to building a world-changing startup.
To create Rookies Mistakes we asked YC founders: Is there a simple fact you wish you knew when you started your company or a rookie mistake you wish you could take back?
Chapters (Powered by bit.ly/chapterme-yc) -
00:00 - Rookie Mistakes
00:56 - Note from YC founder
01:11 - Product ideas - People who forced the universe to their will
01:30 - Sales vs Debate - Hard to force people to want what you are selling
02:13 - Just remove X
03:22 - Hiring startup
05:50 - Incentives - Understand the motivation of key parties
09:07 - Note from YC founder
09:26 - Research
10:31 - Young founder issue
10:51 - Asking friends
11:07 - Psychological
12:52 - Platforms change faster than human problem
14:39 - Isn't expert advisor validation enough? - Наука та технологія
The discussion is changing the world. When you change the outlook of entrepreneur while sharing your experience and insights. you are helping us to solve more problems with more efficiency and accuracy . This discussion is increasing the chances of success of an entrepreneur by giving him pointers to work on before he heads to a failure .
God, I wish I found TC's Start-Up school and all the knowledge in there, 2 years ago back when I was running my own start-up... I mean it's insane that all this knowledge is available and I really love YC for it! I can really relate to a lot of these things as someone who's been through it, but the good news is that thanks to the YC Co-Founder program, I found a new team and we're starting to build something really amazing and we hope to see you guys during the summer batch :)
I love these talks. Please keep them coming!
These talks between Michael and Dalton made me resubscribe to the channel after a long time
@@KeepinKozy i do not agree
Agree
I take these talks personally. They change my thoughts.
I have no plans to do start up. But I love their discussion. They know the stuff.
Very Insightful !!!
Your insight is always stellar. I'm trying to change "the world" for English learners (and educators) by changing the process and encouraging shifts in how it feels. Fortunately, I have been studying the "roots" for 22 years.
Yvhi yo se que me tu yo tú y un poco mejor mejor huy yo u y tú yo yo yuca no se te lo va si yo tu no yuyero tu si estás en casa iivibiii oiuuihii
Bien ikahí odio iiooi no ikikiiiioiji
G
Tú
Oh ok lol ok vo bikini k ojo v
This series of videos are awesome. Thank you!
Such insightful content! I love YC
Wow these conversations are pure gold
That's some insight there!! Thanks a ton guys!!
I enjoy these conversations. Thank you!
These two are pretty unbelievable, that’s for sure. Thanks Dalton and Michael.
Loved it, so informative. Thanks for sharing your wisdom.
Great and Practical Content As Always
Love these videos.
It really seems like all startup issues boil down to failure of rationality or bad luck.
Thanks for the videos lads, I love seeing you two speak, share your ideas, your knowledge, experience, etc.
failure of rationality is so obvious in hindsight, and when you get lucky you see it as skill lol
Awesome as always. That tree analogy is amazing! Reminds me of the Dunning Kruger effect
Although I researched but I am going back again to research more before spending efforts and fail later. Thanks for sharing knowledge and wisdom YC❤️
the real talk, thanks for sharing
Great content, guys!
You can kickstart and run a whole startup based on the advice from these YC videos
I did. I was on the other side of the table - did VC for 2 years and learned more about startups from YC than at my job lol. Wagmi
@@BladeofLight1996 which vc were you working at? What startup(s) did you make?
100%! these videos can save you millions in revenue and headaches
@@quasa0 hello
Best talks in America
I gotta push back on the idea that it's not a good use of time for your smartest people to be sifting for other smart people. At an early point, hiring talent is surely the most important thing a company does. Having your smartest find people like themselves or better is an amazing use of time, if you can get them to do it. There are so many other uses of smart people's time that really are a waste (and worse, feel like good uses).
I'll end with a quote from an author from my home town, "Mediocrity knows nothing higher than itself, but talent instantly recognizes genius." - Arthur Conan Doyle.
Hiring talent is always an important thing but building product is probably more important. They literally said that the engineers can be doing more valuable things like working on the product in the video. You can hire all the talent in the world but if your best engineers are spending all their time on hiring, they arent spending time on building product and a good product is what you need to succeed.
@@shawnemployee6906 You've moved this to "spending *all* their time hiring". Someone has to hire people, else who's going to build the product? Your existing hires need to vet people, identify other smart people, be on the lookout, and you don't want mediocre people doing this, they will only find other mediocre people and the overall brainstock will trend downward. There are many stories of very successful founders personally interviewing even up to the first 500 people. I'll restate my opinion; finding amazing people is a great use of people's time. Writing code and having meetings for a product no one wants to pay for, feels so good at the time, but is the very worst use of time. I know this because I've lived this mistake, for myself and for other companies.
i love the new short podcast deepdives
The not knowing part if its been tried before is good sometimes.
It reduces impedance to action and anyways all learning is by doing.
I am from india and i am a big fan of you sir
Wow, so so good 👍🏻
These two people are full of personality. So fun to watch their videos.
As a young founder/entrepreneur (currently 27) who lived most of my early childhood (that I can at least somewhat remember) in the Web 2.0 era and all of my formative years in the mobile era I see this problem of not thoroughly researching digital history a lot among my peers and younger entrepreneurs in general.
I LOVE you Two Guys 💛🧡
Relateable topic
imo this is counter to what they said in another video about basically perfection is the enemy of progress. i.e. ship fast, break stuff, improve and iterate. here they espouse understanding the details of the market and participants. getting the small things right through smart, innovative design. to me the superpower is finding and threading the right balance which they don't really talk about.
Yeah, I guess you re kinda right. Feel the same way. Im finding that balance myself. I Think most people just follow the first advice of break stuff, improve and iterate and thats a great part of why they fail, since they dont follow the second advice. You have to do both.
I just wish they had heard of Chesterton's Fence, that would be an amazing analogy/quote to pair with this.
Our Timeline
Get idea
Talk about idea
Get so emotionally invested that we’re afraid the idea is a waste of time so we put on blinders
6 months of strategizing to disrupt the major players within our industry while ignoring all the small players attempting to do the same thing and potential users
- Enter the realization we know nothing about the industry
6 months of consuming everything we can find
6 months of becoming certified personal trainers and learning to build product
2 years removed from the initial concept and we finally feel like we’ve got something.
I resonate with the tree analogy. People with domain knowledge usually build better products for industries where they have domain knowledge in.
Thx for the videos. (If you talk over each other, it's not easy to hear/ understand you BOTH when watching using a video format. It's subtle, but very different to being in a video conference or in real life, where you can hear and understand folks talking over each other)
Yes ur right
from the way you're saying, sounds like almost any idea could work. As long as you examine all the incentive and align all the incentive of all parties correctly in the same direction. Then it's more of an incentive structure issue rather than idea issue.
I think this is pretty spot on.
Well, that's one part. I liked that part best 😊 ~ lining up all the incentives.
But they're also saying to identify the problems, the failed attempts of others, and the true demand for a product.
@@NicoleTeacher absolutely
Hey YC, A company in Utah call Homie is already solving the realtor problem you're mentioning.
Software sprinkles lol, you guys riff very well!
Imagine these 2 in your advisory board
can you also talk about startup politics, and why do they typically happen?
Keep up with the crazy content
This is incredibly valuable and very amusing. The perfect combination 😄 Thank you!
This reminds me of the idea "everyone's conservative about what they're an expert in"
Initial notes:
1. Have a plan, learn what's going on
2. Act on that knowledge
3. Actually implement steps 1 and 2 rather, than just being intellectually aware of them and going "duh"
4.
5.
Reminds me of the metaverse
The 'for the rest of us mere mortals' argument when comparing with Elon or Jobs felt like BS. Glad you cleared it mid-way.
What if you had a recruiter who has come up with a way to prevent ghosting, would you help that recruiter develop the software?
Is there a failed startup search engine?
So i am in that same position you described. If the solution i see is web based (to centralize info and create a hub for all users, plus reverse the order of the transaction - instead of users searching and applying for commodity, instead commodity owners can pick and chose the best user(s) to do business with), how do i determine what other alternative there is?
Love these talks. Thanks for sharing your learning.
For non-domain expert, whats the most effective methodology to conduct research?
Google, ask experts, read books on that topic
Aw this was funny!
"you can't just sprinkle software on the problem"🤣
Just as the engineer is good at their job the recruiter is most of the time also good at their job. And their job is people.
They take research lightly because they think they know. I'm speking from experience. I did do research, indeed . I even seen another example of similar idea work (millions of dollars of sales and hundred millions of dollars acquisition!). For our particular case, the problem was bad customer candidates. We talked to and believed to them about the market, which led us into blind corners and we failed in the end. "we smoked our own crack" and "we got addicted". Very bitter tasting lesson for us. Yet I think it was medicinal in the end. So to those who are at the start of their journey, do not smoke your own crack. Research. Or you will end up like us :)
About searching the idea on internet, if something had started it and have failed and so there's no description of it, how should we find it?
Uprooting a tree is spot on
I think the reason why most founders or to be founders don't like getting into research/user research because they are afraid of the truth. Whatever that truth might be.
Do Zillow and Tesla ring a bell?
I get the advice and appreciate the honesty but with their delivery, one would think both these guys didn't make some of these mistakes with iMeem & Social Cam
How do I get someone with vast internet knowledge as a sounding board?
we are building travel app technology with the tagline - The future of travel - TaraGo App
Think I just lost my startup idea to a google search result.
Anyone from Germany with a good idea?
You can solve HR, auto dealerships, and home buying experiences/behaviors...but not without their permission.
I wouldn't say Telsa is changing the world for the better, but ok....
Wow. In the past I thought such talks were interesting. But now I think: what did I really learn from this relatively long video? That it isn't as easy as some people think? Fair enough... what to do with this information? Video feels like a waste of time when trying to reflect what new things I learned. Anyone learned anything new from it?
It's a reminder that society has to vet an idea before it should have a lot of resources poured into it
The analogy about needing car dealers is a fallacy. Franchise laws require you to buy new cars from a dealer. Ford and other dealers have sued and lost trying to obtain the right to sell directly to customers. This along with state laws that prohibit brand completion in localities drives prices up and also creates a false demand. These dealers have become an industry unto themselves that use laws to ensure their survival. The younger generations today would most likely all buy cars online if they could. Let’s also be clear that Elon is an opportunist investor not an inventor. He did not create Tesla nor invent any tech.
them hair follicles had weak roots
HR +1 Engineer 0 ... LOL
A tree without roots! Sounds like the founders of Zillow! No real estate experience and want to change the real estate game! Never made a profit since it’s existence.
Comedy show
CHANGING THE WORLD IS NOT LIKE UPROOTING A TREE. IT'S LIKE PLANTING A MILLION MORE TREES AND MAKING THEM GROW BIG AND TALL AND BEAUTIFUL......
don't forget to hug them too...
@@marios2liquid Lol, the point is we don't change the world by destroying, we do it by building!!!!!!
@@UXSpecialist sorry you dont get it
@@rickitekgaaso2927 I do all.too well. If you destroy without building, you get only ruin and destruction, like the dark ages. If you build, like the Renaissance, you get beauty, light and joy all around. Big difference....
lmao I just can't fathom of how these no name people had the audacity to talk a topic about changing the world
what they merely trying to observe it. stop!
seibel should talk about his life of privilege including being born in a wealthyt jewish house, applying to yale with much lower scores than his asian ppers, and getting that leg up in life. that's pretty dishonest to act like it was all his smarts....funding and network and privilege was a big part of where he got to where he is.
Tip for doing research :
if you are android user just share your idea with your friend on whatsapp
and then open UA-cam
UA-cam will start to recommend you videos of your competitors.
that's how i found two, three competitors of my startup 😅
Hey Guys How do I email you my product info, Its extremly Distruptive!