Essay


YC Has Changed

As YC grows, founders are wondering how it’s improved over time. Having done YC in 2007 with Justin.tv/Twitch, in 2012 with Socialcam, and joining as a partner in 2014, I thought it would be helpful to describe how YC has changed since I first took part in the program.

Toy Markets

Many of the largest companies in the world started in markets so small they looked like toys. Over time, each of these companies grew their markets or created new ones to dominate. Founders in toy markets who want to raise money need to find the right investors, and tell those investors the right story.

What to Do with Too Much Advice

There are now hundreds, probably thousands, of people with at least some experience in startups. Most of these people are willing to help/advise some number of the people who ask. This is a blessing and a curse.

Why Does Your Company Deserve More Money?

The hardest conversation I have to have with a founder is when they’ve spent their 1-2 million dollar angel round but haven’t found product market fit. Unfortunately, I have to ask them a very unforgiving question: why does your company deserve more money?

One Order of Operations for Starting a Startup

This guide can help you walk the path from nothing to a launched minimal viable product (MVP). This is by no means the only path to an MVP and I don’t know if it’s the best path, but it is a path that I’ve seen work for a number of YC companies.

The Decentralized Future Series: A New Age of Investing

In this post, we are going to explore the paradigm shift of investing in the context of decentralized applications. First, we will briefly explain the history of venture funding and how it evolved in the last few decades. Second, we will discuss the current situation around crowdsales and ICOs. Finally, we will glimpse into the future and look at what’s coming.

Big Deals

There are few things more dangerous to startups than Big Deals. Founders lie to themselves by believing that catching a single Big Deal will automatically create a huge company. I’ve seen this belief kill a large number of startups.

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