Join over 118,000 subscribers in the Startup Istanbul community for the latest insights on entrepreneurship, venture capital, and startups! Subscribe now to stay informed and inspired as we explore the trends and strategies shaping the dynamic startup ecosystem. Subscribe Here! startupistanbul.substack.com/
00:02 Key points for starting a technical startup 01:21 Focus on daily and weekly problems for successful market entry. 02:37 Achieving growth is crucial for raising money in Silicon Valley. 03:53 PR can be done by founders in early stages 05:14 Fundraising strategy: Avoid needing money upfront 06:36 Having growth is the solution to fundraising problems. 07:47 Focus on people who understand your problem and can be initial investors. 09:04 Hire smart people to attract more talent and be transparent in offers
I am 37 years back as a Grad in the STEM... Background as a designer ... I Work and save up capital. My goal right now os to bring into new tools and start a startup while working on my Grad Thesis ... Today on my free time from work and school... I am finally coding 😂 next year calital gain grow!
First slide: be single, have no children, and not in a job you like: that's it, you can start a startup! I personally think every slide presented here is the reason why some people would say VCs hurt your startup instead of help it: everything here is to maximize the probability that the VC does not lose money on your startup, and not to maximize your chance of success.
? Are you serious? Did you even listen to the advice? Good luck with your “I need $1M marketing plan before I can launch, < 50% of my team is technical, I meet with investors spread out over months, I waste money on PR firms” startup.
It s not that VCs won t lose money. Shareholders won't lose money. And both you and VCs are shareholders. Or at least both of you share the risk. So if you win, they win. It s not for their wellness alone, you will win as well.
This was very validating for some reason and very informative and useful thanks alot bro P.s. did anyone see the "be honest" he said and the expression on his face
Great presentation. One big thing is missing, although that is understandable because the experts have yet to crack the code. And that is don't just build a company, but build people too. In line with the comment about the shortcomings of entrepreneurs there is a smart omission. They tend to be sociopaths. In fact, that is what leads to their business success. In other words, they tend to be great at building companies but horrible at building people. So unless you want your startup to be as socially inept and morally bankrupt as much as, well, anything that has come out of silicon valley ever, hire people who will make you humane.
@@friedpizza262 i think we need to celebrate building people as much as we do building companies. silicon valley specifically and corporate america in general tend to ignore the former. in other words, we need consider the success of the community as well.
00:02 Key points for starting a technical startup 01:21 Focus on daily and weekly problems for successful market entry. 02:37 Achieving growth is crucial for raising money in Silicon Valley. 03:53 PR can be done by founders in early stages 05:14 Fundraising strategy: Avoid needing money upfront 06:36 Having growth is the solution to fundraising problems. 07:47 Focus on people who understand your problem and can be initial investors. 09:04 Hire smart people to attract more talent and be transparent in offers Crafted by Merlin AI.
I would add that a solo founder is far far far better than a solo founder + a 50% drag factor. i.e. where did you find your cofounder(s)? It’s not the idea (though it can’t suck), it’s the people who succeed (at most anything). Choose wisely, or not at all. Investors don’t like deadweight.
By "YouSum Live" 00:00:08 Starting a Technical startup essentials 00:00:12 Begin with co-founders, engineering focus 00:00:41 Brainstorm ideas collectively with team 00:00:55 Solve personal or well-understood problems 00:01:11 Focus on daily and weekly problems for success 00:01:36 Research market viability and competitors 00:01:50 Incorporate in the US for fundraising 00:02:21 Emphasize launching quickly for user feedback 00:03:03 Growth crucial for fundraising success 00:03:07 Experiment with ads, focus on reference customers 00:03:24 Ensure usage equals sharing for virality 00:03:59 DIY PR in early stages, build relationships 00:08:02 Avoid unnecessary spending, extend runway 00:08:41 Increase average talent with each hire 00:09:32 Be fair, transparent, and loyal to employees By "YouSum Live"
Great talk. Love Justin TV. Can you explain how to build a relationship with pr reporter. What do you say in the follow up? Do you keep the relationship strictly business or do you try to become friends with them too(invite to bar, etc)?
Thanks for the great question! Building a relationship with a PR reporter is all about finding common ground. Start with a professional follow-up, and then gauge if there's an opportunity to connect on a personal level. Sometimes a casual invite can help strengthen that bond!
If you have Ideas, lets get together to start develop and bring it to life! just a act of goodness and start working together you just need a group of people that are willing to work together for the same cause.
That's valuable, but what I really really want to know is how to detect if you are working for startup company. Apparently nobody want to work for statrups and everyone including startup owners and investors know it. So startups evolve to mimic classic investor-free private companies. And they are really good at it. "We have actual sales and organic growth" they said and do fundraising backstage.
My product: I'm happy to share my creative ideas for venture capital growth. Dodgy competitors steal my actual digital business cards and images. There is such a difference in ethical and unethical trading, and every Big Brand and Social Media Platform has excellent integrity in this regard.
I appreciate your insights! It's crucial to recognize the differences in ethical practices within the industry. Together, we can promote integrity and creativity in our ventures.
Any advise for those who have a family, little kids, good job to finance a start up? Also, with zero technical knowledge and no tech team? Just 2 pationate people about the educational business?
Starting a business while managing family and work can be challenging, but it's definitely possible! Focus on time management, leverage online resources for learning, and don't hesitate to seek out community support for advice and encouragement.
That's an interesting thought! Many of the principles we discuss can actually be applied to various fields, like education, business, and even personal development. It’s all about innovation and adapting ideas!
Curious, what are you budiling, from scratch, in two weeks and customers even give a shit about it? (FYI, I do love YC and all the content, please don't take my question the wrong way)
Great question! Building something from scratch in such a short time frame can be challenging, but it's all about identifying a real need and delivering value quickly. What are you working on?
@@Startupistanbul I was working on a B2B project (very early stages) that would help with government reports. But, now I think I'm going to pivot because of the new administration lol. I don't think it's a good idea to focus on something that can change at the whims of the government. So sadly right now I'm re-grouping. I also work a full time job as a Product Manager and do this on the side (I have a lot of responsibilities with family etc, so taking off for a year is just not realistic right now). I'm weighing options, but I'm trying to stay in a field where I know the customers well and I have contacts. :) I think the most daunting part of starting a project is just that, getting started. So right now I'm building a 'boilerplate' so that when the inspiration hits, I'm ready to just get into the nuts and bolts and I don't have to worry about all the tedious stuff. Thanks for asking :)
🎯 Key points for quick navigation: 00:00 *🚀 Introduction to Starting a Technical Startup* - How to start a startup with 2-4 co-founders, - Importance of having financial stability for a year, - The need for co-founders to quit their jobs before starting. 00:29 *💡 Brainstorming and Idea Generation* - Importance of team brainstorming and ownership of the idea, - Preference for solving personal problems or those the founders deeply understand, - Focusing on solving daily and weekly problems rather than infrequent issues. 01:38 *📈 Market Research and Legal Incorporation* - Conducting an hour of research to understand the market, - Using competitors' products, - Incorporating in the US for raising funds from American investors. 02:05 *🛠️ Minimum Viable Product (MVP)* - Importance of launching quickly, - Advice to launch within two months, - The necessity of user feedback for iterations. 02:48 *🌱 Achieving Growth* - The primary importance of growth for raising funds, - Strategies: experimenting with ads, focusing on reference customers, and ensuring usage equals sharing, - Making sharing an integral part of product usage. 03:57 *📢 Public Relations (PR)* - DIY PR strategies, - Treating PR like business development, - Building relationships with reporters and the importance of follow-up. 05:21 *💰 Fundraising Tips* - Positioning the company to not need money, - Scheduling investor meetings tightly to create buzz, - Focusing on growth to attract investors and using press to gain attention. 07:53 *🛠️ Operational Efficiency* - Spending less money and paying attention to monthly expenses, - Extending the runway by reducing costs, - The importance of knowing and managing company expenses. 08:47 *🧑💼 Hiring Strategy* - Increasing the average talent with each hire, - Being fair and transparent with offers, - Hiring slowly and effectively, focusing on high talent over quantity. Made with HARPA AI
Great question! Entrepreneurs should look for qualities like strong technical skills, problem-solving ability, and good communication. A strong partnership can really help in executing ideas effectively and navigating challenges together!
Great question! Entrepreneurs should look for qualities like technical expertise, problem-solving skills, and good communication. A strong partnership can really boost a startup’s chances by combining diverse strengths and fostering innovation.
Regarding hires: I outsource staff as this is more reliable and reasonably priced. And he has safeguards already in place. However, toxic ex employees and employees of ANY institution are my biggest headaches. Removing these unethical characters is incredibly difficult, especially in the Tecg Sphere, where hacking is an occupational hazard. Any bright ideas welcome 🙏
It sounds like you're navigating some challenging waters with staff management. Outsourcing can indeed be a smart move! Have you considered implementing more thorough vetting processes or even team-building exercises to foster a positive work environment?
@Startupistanbul I want to make a app .app is based on health and fitness you will complet the task and get coupan and 1st 2nd 3rd place get reward . The app will basically an advertisement company business and many more .In India their is a gorgeous opportunity to start it help me by exploring your opinion on my idea 💡. Waiting for your reply? There is many more things to discuss .
This formula limits the field to young people without families willing to couch surf (fodder for venture capitalists feeding off young flesh), those who have had an exit and can do sweat equity, addicts that will sell the house and risk the kids’ college fund to do one more startup. Good news: this formula stopped being exactly right in 2023/24. There’s still a lot right here. But there is a field of innovators with nuanced insights into real problems from years of experience (at least the subset who stayed hungry, curious and inclined toward changing games rather than just playing the current ones) who have been unleashed…and we don’t need VC money up front.
In the 90s, the “I win button” was A list engineers and money. In the early 2000s, it was a well known VC, then A list designers (and a fancy VC). Now…good team is still important, but the VC is less important and…I think this is right…access to people who can help you break through the noise. That “don’t waste money on PR” slide is still more or less right, but access to people who can help you “break through noise” is more important than access to seed capital. (Maybe) ;)
Yes, the 25,000 Franks requirement can be a significant hurdle for many aspiring entrepreneurs in Switzerland. It's important to plan and budget carefully!
Basically, you have to either already be wealthy or be able to live on next to nothing. Then you need to find at least one other person like yourself. Then make sure you have no kids, no other responsibilities, and no life. Lol, the VC view on startups is for quick sale of a company or relatively quick jump to the stock market. F-that.
Absolutely! Building a strong team from the start can really elevate the overall intelligence and creativity in the workplace. It's all about finding those brilliant minds!
Absolutely! Early hires can really set the tone for a team's culture and performance. It’s all about finding the right people who complement and elevate the team's intelligence.
Two months to make something? No, as someone who failed as a founder of a startup, it depends. What if it's physical? What if it's an app? A larger app? No I disagree w/ getting something ready w/ in 2 months.
Join over 118,000 subscribers in the Startup Istanbul community for the latest insights on entrepreneurship, venture capital, and startups! Subscribe now to stay informed and inspired as we explore the trends and strategies shaping the dynamic startup ecosystem. Subscribe Here! startupistanbul.substack.com/
in 10 min. no wasted time. so compact. just perfect.
Michael Siebel is one of The best in the entrepreneurial ecosystem, worldwide. I totally love this guy.
that's the best 10 min I've ever spend learning something. Precise, simple and insightful.
00:02 Key points for starting a technical startup
01:21 Focus on daily and weekly problems for successful market entry.
02:37 Achieving growth is crucial for raising money in Silicon Valley.
03:53 PR can be done by founders in early stages
05:14 Fundraising strategy: Avoid needing money upfront
06:36 Having growth is the solution to fundraising problems.
07:47 Focus on people who understand your problem and can be initial investors.
09:04 Hire smart people to attract more talent and be transparent in offers
Thanks for summarizing the key points from the video!
@@Startupistanbul pleasure ! Also it helped me to take key points hahah :D
and thx for the upload !!!
Credit to @MerlinAI
I dont like the vibe when the other YC dude joins him. When presenting alone this dude is such an effective and helpful mentor
I appreciate your feedback! Different dynamics can definitely change the vibe, but it's all about finding the right balance.
Yeah he has the best lessons
I am 37 years back as a Grad in the STEM... Background as a designer ... I Work and save up capital. My goal right now os to bring into new tools and start a startup while working on my Grad Thesis ... Today on my free time from work and school... I am finally coding 😂 next year calital gain grow!
man you motivated me to get back to coding
Good luck
always great to listen guy - fast without the fuzz
thanks
4:51 - What is significant new BD deal means?
@@LetsBeHuman Business development deal
This 10 min education is infinitely more valuable and game changing than 1 year at an MBA.
I'm glad you found the video so valuable! It's amazing how much we can learn in a short amount of time.
mba don't just teach startups. The way ur saying it, seems u dont know the difference between a startup and a business
I'll admit I am not a big fan of Michael. This video has altered my perspective. Clean, concise and quality. Love to see it!
I'm glad to hear the video changed your perspective! It’s always great to see new insights.
Michael Seibel shares wisdom, he is a legend.
Absolutely! Michael Seibel's insights are incredibly valuable and inspiring for all aspiring creators.
First slide: be single, have no children, and not in a job you like: that's it, you can start a startup!
I personally think every slide presented here is the reason why some people would say VCs hurt your startup instead of help it: everything here is to maximize the probability that the VC does not lose money on your startup, and not to maximize your chance of success.
Who knew being single and jobless was the secret to startup success? Sign me up!
I'm building ayojajanapp
? Are you serious? Did you even listen to the advice?
Good luck with your “I need $1M marketing plan before I can launch, < 50% of my team is technical, I meet with investors spread out over months, I waste money on PR firms” startup.
@@joshcockrell1677you do whatever makes you happy mate 😂
It s not that VCs won t lose money. Shareholders won't lose money. And both you and VCs are shareholders. Or at least both of you share the risk. So if you win, they win. It s not for their wellness alone, you will win as well.
Note: This video was filmed in 2014. Some of the advice might still be relevant, but also some may have changed.
Indeed! It's like a fine wine; some advice gets better with age, while others... well, they just turn into vinegar! 🍷
Big thanks to the man in this video for his efforts !
Thank you too!
So glad I found this.. thanks for the upload
No problem!
4:51 - What is significant new BD deal means?
Siebel's advice is gold.
Thank you for your kind words!
4:51 - What is significant new BD deal means?
I love listening to Michael Seibel
That's awesome! Michael Seibel is so inspiring.
4:51 - What is significant new BD deal means?
Business Development
Best 10mins video I have watched ❤ Amazing !!
Wow, thanks!
wow, this content is something people would pay for
Thank you so much for the kind words!
🎉
This might be a single, most valuable piece of content on RUclips
I'm really glad you think so! I aimed to create something truly valuable for everyone.
Exactly what kind of content I want to be digesting in to my consciousness thank you. 🙏 ❤
You're so welcome!
This was very validating for some reason and very informative and useful thanks alot bro
P.s.
did anyone see the "be honest" he said and the expression on his face
Glad it was helpful!
Super valuable video.. Thanks!
I’m glad you found it valuable! Your support means a lot to me.
Great presentation. One big thing is missing, although that is understandable because the experts have yet to crack the code. And that is don't just build a company, but build people too. In line with the comment about the shortcomings of entrepreneurs there is a smart omission. They tend to be sociopaths. In fact, that is what leads to their business success. In other words, they tend to be great at building companies but horrible at building people. So unless you want your startup to be as socially inept and morally bankrupt as much as, well, anything that has come out of silicon valley ever, hire people who will make you humane.
Thank you for your insightful comment! Building people is indeed crucial for long-term success in any venture.
I'd rather have a silicon valley company's success tbh. I't more helpful than not, that's why it works.
@@friedpizza262 i think we need to celebrate building people as much as we do building companies. silicon valley specifically and corporate america in general tend to ignore the former. in other words, we need consider the success of the community as well.
Incredible! Thank you so much!
You're very welcome!
Gold Nuggets❤
Thanks for sharing
You're in!
00:02 Key points for starting a technical startup
01:21 Focus on daily and weekly problems for successful market entry.
02:37 Achieving growth is crucial for raising money in Silicon Valley.
03:53 PR can be done by founders in early stages
05:14 Fundraising strategy: Avoid needing money upfront
06:36 Having growth is the solution to fundraising problems.
07:47 Focus on people who understand your problem and can be initial investors.
09:04 Hire smart people to attract more talent and be transparent in offers
Crafted by Merlin AI.
Thanks for summarizing the key points! It's great to see you engaged with the content. Starting a technical startup takes a lot of strategic planning!
I would add that a solo founder is far far far better than a solo founder + a 50% drag factor. i.e. where did you find your cofounder(s)? It’s not the idea (though it can’t suck), it’s the people who succeed (at most anything). Choose wisely, or not at all. Investors don’t like deadweight.
Great pieces of advice
Glad you think so!
Very compact and helpful presentation.
Glad it was helpful!
By "YouSum Live"
00:00:08 Starting a Technical startup essentials
00:00:12 Begin with co-founders, engineering focus
00:00:41 Brainstorm ideas collectively with team
00:00:55 Solve personal or well-understood problems
00:01:11 Focus on daily and weekly problems for success
00:01:36 Research market viability and competitors
00:01:50 Incorporate in the US for fundraising
00:02:21 Emphasize launching quickly for user feedback
00:03:03 Growth crucial for fundraising success
00:03:07 Experiment with ads, focus on reference customers
00:03:24 Ensure usage equals sharing for virality
00:03:59 DIY PR in early stages, build relationships
00:08:02 Avoid unnecessary spending, extend runway
00:08:41 Increase average talent with each hire
00:09:32 Be fair, transparent, and loyal to employees
By "YouSum Live"
Thanks for summarizing the key points from the video!
Very honest & practical!
I try to keep it real, no sugar-coating here!
Thank you. Loved the straight talk!
I'm glad you found the content helpful!
Really inspiring, a lot of on points advises the one after the other. And truth without noise
I'm so glad you found the advice inspiring! It's always great to share valuable insights without the fluff.
temu is a good example of viral marketing ! buy growth spending square money , ugly risky but works if product is catchy .
Right? It’s like they took the phrase "go big or go home" and said, "Let’s just go big and hope for the best!"
great 10 minutes! tons of value
Glad you liked it!
Great talk. Love Justin TV. Can you explain how to build a relationship with pr reporter. What do you say in the follow up? Do you keep the relationship strictly business or do you try to become friends with them too(invite to bar, etc)?
Thanks for the great question! Building a relationship with a PR reporter is all about finding common ground. Start with a professional follow-up, and then gauge if there's an opportunity to connect on a personal level. Sometimes a casual invite can help strengthen that bond!
this guy seriously called MVP most valuable product
Maybe he's onto something... Most Valuable Product might just be the next big thing!
He said most viable product but you might be right!
Don’t get hung upon the exact words. Why not Most Verifiable Product? Or even Maximum Viable Product? The intent is the same.
Great content! Thanks most immensely for sharing
My pleasure!
Blown my mind...this is a mini MBA in 10 minutes!
I'm glad you found it insightful! A mini MBA in just 10 minutes is what we aim for.
Fantabulous!
Thank you!
That's really all you need to know to run a succesfull startup, great video!
Absolutely!
The perfect roadmap
It's all about having a clear path to success!
If you have Ideas, lets get together to start develop and bring it to life! just a act of goodness and start working together you just need a group of people that are willing to work together for the same cause.
Absolutely! Collaboration is key, and I'm excited to see what ideas we can bring to life together. Let's make it happen!
Your lessons always contain a lot of useful information about trading. Thanks for your valuable help!
I'm glad you find the trading tips helpful!
Big Thanks! 🎉
You're welcome!
where can I find the slides?
Thanks for your interest!
Awesome! To the point Thanks
Glad it was helpful!
That's valuable, but what I really really want to know is how to detect if you are working for startup company. Apparently nobody want to work for statrups and everyone including startup owners and investors know it. So startups evolve to mimic classic investor-free private companies. And they are really good at it. "We have actual sales and organic growth" they said and do fundraising backstage.
It can be tricky to differentiate between a startup and a traditional company sometimes.
beautiful advice here !
Glad you think so!
My product: I'm happy to share my creative ideas for venture capital growth. Dodgy competitors steal my actual digital business cards and images. There is such a difference in ethical and unethical trading, and every Big Brand and Social Media Platform has excellent integrity in this regard.
I appreciate your insights! It's crucial to recognize the differences in ethical practices within the industry. Together, we can promote integrity and creativity in our ventures.
Lots of big ideas!😊
Glad you like them!
"do at least an hour of research" so insightful xD
I'm glad you found it insightful! Research really is a game changer when creating content.
Great
This. Is. Amazing!
Thank you so much for your kind words! Your support keeps me motivated!
Any advise for those who have a family, little kids, good job to finance a start up? Also, with zero technical knowledge and no tech team? Just 2 pationate people about the educational business?
Starting a business while managing family and work can be challenging, but it's definitely possible! Focus on time management, leverage online resources for learning, and don't hesitate to seek out community support for advice and encouragement.
@@Startupistanbul thank you for an AI- response, that's very helpful. 🫶✌️
Boring to hear but really helpful. So suck it up and just listen. You don't have to watch if you don't want to.
I appreciate your honesty! Sometimes the best advice isn't always the most exciting to hear.
@@Startupistanbul yes.
Whats boring about it?
@@ilyas8523 you'd have to take appointment with my subconscious mind.
Not boring at all.. incredibly captivating if anything
I wonder how could we apply some of this principles out of tech too
That's an interesting thought! Many of the principles we discuss can actually be applied to various fields, like education, business, and even personal development. It’s all about innovation and adapting ideas!
Curious, what are you budiling, from scratch, in two weeks and customers even give a shit about it? (FYI, I do love YC and all the content, please don't take my question the wrong way)
Great question! Building something from scratch in such a short time frame can be challenging, but it's all about identifying a real need and delivering value quickly. What are you working on?
@@Startupistanbul I was working on a B2B project (very early stages) that would help with government reports. But, now I think I'm going to pivot because of the new administration lol. I don't think it's a good idea to focus on something that can change at the whims of the government. So sadly right now I'm re-grouping. I also work a full time job as a Product Manager and do this on the side (I have a lot of responsibilities with family etc, so taking off for a year is just not realistic right now).
I'm weighing options, but I'm trying to stay in a field where I know the customers well and I have contacts. :) I think the most daunting part of starting a project is just that, getting started. So right now I'm building a 'boilerplate' so that when the inspiration hits, I'm ready to just get into the nuts and bolts and I don't have to worry about all the tedious stuff.
Thanks for asking :)
Just amazing 😉
Thank you so much for your kind words!
Read the book 2024 “The venture mindset” by Stanford Prof. ILYA STREBULAEV, and ALEX DANG. All you need to know about how VC’s tick.
Thanks for the recommendation! Sounds like an interesting read.
Can I get the book from you. E copy?
where is the full video?
It is the full one
Do PR yourself ie design or curate it
Absolutely! Taking charge of your own PR can really help you shape your narrative and showcase your unique vision.
thank you!
You're welcome!
It's not in 10 minutes. It's actually 100 minutes. I've watched 10 times and counting. Thanks for a useful content
Glad it helped!
I'm glad you found the content useful! Sometimes the best things take a little extra time to really appreciate and understand.
What is PR ?
Public Relations
PR stands for Public Relations! It's all about managing how information about an organization or individual is communicated to the public.
Thanks for the reply
Why Clerky not AngelList?
it is a YC company
what's the website that he mentioned to open a llc in the us ?
It was LegalZoom I believe.
www.clerky.com/
www.clerky.com/
🎯 Key points for quick navigation:
00:00 *🚀 Introduction to Starting a Technical Startup*
- How to start a startup with 2-4 co-founders,
- Importance of having financial stability for a year,
- The need for co-founders to quit their jobs before starting.
00:29 *💡 Brainstorming and Idea Generation*
- Importance of team brainstorming and ownership of the idea,
- Preference for solving personal problems or those the founders deeply understand,
- Focusing on solving daily and weekly problems rather than infrequent issues.
01:38 *📈 Market Research and Legal Incorporation*
- Conducting an hour of research to understand the market,
- Using competitors' products,
- Incorporating in the US for raising funds from American investors.
02:05 *🛠️ Minimum Viable Product (MVP)*
- Importance of launching quickly,
- Advice to launch within two months,
- The necessity of user feedback for iterations.
02:48 *🌱 Achieving Growth*
- The primary importance of growth for raising funds,
- Strategies: experimenting with ads, focusing on reference customers, and ensuring usage equals sharing,
- Making sharing an integral part of product usage.
03:57 *📢 Public Relations (PR)*
- DIY PR strategies,
- Treating PR like business development,
- Building relationships with reporters and the importance of follow-up.
05:21 *💰 Fundraising Tips*
- Positioning the company to not need money,
- Scheduling investor meetings tightly to create buzz,
- Focusing on growth to attract investors and using press to gain attention.
07:53 *🛠️ Operational Efficiency*
- Spending less money and paying attention to monthly expenses,
- Extending the runway by reducing costs,
- The importance of knowing and managing company expenses.
08:47 *🧑💼 Hiring Strategy*
- Increasing the average talent with each hire,
- Being fair and transparent with offers,
- Hiring slowly and effectively, focusing on high talent over quantity.
Made with HARPA AI
Thank you for summarizing the key points so well!
Pretty good g
Thanks
Welcome
What qualities should entrepreneurs look for in a technical co-founder, and how can a strong partnership enhance a startup’s chances of success?
Great question! Entrepreneurs should look for qualities like strong technical skills, problem-solving ability, and good communication. A strong partnership can really help in executing ideas effectively and navigating challenges together!
Great question! Entrepreneurs should look for qualities like technical expertise, problem-solving skills, and good communication. A strong partnership can really boost a startup’s chances by combining diverse strengths and fostering innovation.
Are people still building web startups?
Still make a load of money 💰
Absolutely! The web startup scene is as vibrant as ever, with new ideas emerging every day. It’s an exciting time for entrepreneurs!
I wish I saw this 3 years ago
It's never too late to start implementing new strategies!
“Tell the investor you’re busy and make him wait a month” LOL.
If you don’t want to raise money. Def do that
Haha, sometimes taking your time can be the best strategy! It really makes them think twice about how serious you are.
100%
Just amazie
I'm glad you think so! Thanks for watching and your support means a lot!
8:20 examine finances every month
It's important to stay on top of your finances!
It's important to regularly review your finances to stay on track!
Regarding hires: I outsource staff as this is more reliable and reasonably priced. And he has safeguards already in place. However, toxic ex employees and employees of ANY institution are my biggest headaches. Removing these unethical characters is incredibly difficult, especially in the Tecg Sphere, where hacking is an occupational hazard. Any bright ideas welcome 🙏
It sounds like you're navigating some challenging waters with staff management. Outsourcing can indeed be a smart move! Have you considered implementing more thorough vetting processes or even team-building exercises to foster a positive work environment?
From the first slide, I don't have any of these things😢😢
I appreciate your feedback and will look into addressing your concerns.
You do have something though
I have a idea and i want to discuss with you i dont have a team and my idea is on idea stage help me .
I'd love to hear about your idea! Feel free to share the details, and we can brainstorm together to help you develop it further.
@Startupistanbul I want to make a app .app is based on health and fitness you will complet the task and get coupan and 1st 2nd 3rd place get reward . The app will basically an advertisement company business and many more .In India their is a gorgeous opportunity to start it help me by exploring your opinion on my idea 💡. Waiting for your reply? There is many more things to discuss .
So much gold nuggets in 10 mins
I'm glad you found the content valuable! It’s amazing how much we can pack into just a short time.
Good content.
Appreciated
great great!!
Thanks for your enthusiasm! Glad you enjoyed it!
This formula limits the field to young people without families willing to couch surf (fodder for venture capitalists feeding off young flesh), those who have had an exit and can do sweat equity, addicts that will sell the house and risk the kids’ college fund to do one more startup.
Good news: this formula stopped being exactly right in 2023/24. There’s still a lot right here. But there is a field of innovators with nuanced insights into real problems from years of experience (at least the subset who stayed hungry, curious and inclined toward changing games rather than just playing the current ones) who have been unleashed…and we don’t need VC money up front.
In the 90s, the “I win button” was A list engineers and money. In the early 2000s, it was a well known VC, then A list designers (and a fancy VC). Now…good team is still important, but the VC is less important and…I think this is right…access to people who can help you break through the noise. That “don’t waste money on PR” slide is still more or less right, but access to people who can help you “break through noise” is more important than access to seed capital. (Maybe) ;)
It's fascinating how the dynamics of success have shifted over the years!
teached
It looks like you’re having a little fun with the spelling! Thanks for commenting!
Launching in 2 months? That's crazy talk... or is it genius? 😮
It definitely sounds ambitious, but sometimes the boldest ideas lead to the most exciting outcomes!
It definitely sounds wild, but sometimes the best ideas come from thinking outside the box!
It makes me proud that the video is from Istanbul. 🇹🇷❤
Great video though a decade late.
Glad you liked it!
I thought he was Indian.
emmet shear ı da çağırabilirsiniz
I x'ed the video out after the first slide.
Thank you for letting me know! Every piece of feedback helps me improve. I hope you give my next video a try!
Nothing about marketing and getting revenue
Thanks for pointing that out, I'll keep it in mind for future content.
Just to be accurate And 19 seconds
Thanks for pointing that out! Accuracy is key, and I appreciate your attention to detail.
Very hard to get a press. I don't think relationship will cut. You have to spend on ads. Then they will be talking.
It can definitely be a challenge to get press coverage, but staying persistent and exploring different avenues can make a big difference.
The Number 1 Problem is that you need 25.000 Franks to even create your company here in switzerland.
Yes, the 25,000 Franks requirement can be a significant hurdle for many aspiring entrepreneurs in Switzerland. It's important to plan and budget carefully!
Is this the dude who asked Elon musk for a job to work for him directly because he’s a genius?
no
Wilson Richard Hall Kenneth Brown Larry
It looks like you’ve got a whole squad there! What’s the story behind these names?
Basically, you have to either already be wealthy or be able to live on next to nothing. Then you need to find at least one other person like yourself.
Then make sure you have no kids, no other responsibilities, and no life.
Lol, the VC view on startups is for quick sale of a company or relatively quick jump to the stock market. F-that.
Who needs a life when you have a startup, right? 😄
Lee Maria Thompson Maria Lee Linda
Is this a secret code? If so, I’m definitely not good at deciphering it! 😂
"Raise average intelligence with every early hire"
Absolutely! Building a strong team from the start can really elevate the overall intelligence and creativity in the workplace. It's all about finding those brilliant minds!
Absolutely! Early hires can really set the tone for a team's culture and performance. It’s all about finding the right people who complement and elevate the team's intelligence.
Two months to make something? No, as someone who failed as a founder of a startup, it depends. What if it's physical? What if it's an app? A larger app? No I disagree w/ getting something ready w/ in 2 months.
yes two months
It's all about MVP
@@AIaskedAI Again, lol. A physical product takes longer.
Yeah. Anything is black or white. But you should tensioning for this timeframe or even less.
im still lost that didnt help me at all
I'm sorry to hear that! Can you share what specific parts you found confusing? I’d love to help clarify things for you.