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Y CombinatorSimple Products That Became Big Companies – Dalton Caldwell and Michael Seibel
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Episode Details
EPISODE INFO
- Released
- January 26, 2022
- Duration
- 21m
- Channel
- Y Combinator
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
Dalton Caldwell and Michael Seibel talk about OpenSea, Gusto, and the importance of building simple products that solve a real problem. 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 https://bit.ly/chapterme-yc) - 00:00 - Rookie Mistakes 00:42 - Note from YC founder 01:02 - Boiling the ocean 02:00 - Googlitis 02:32 - OpenSea 04:33 - Gusto 05:34 - Having lots of features is infinitely worse than having one that works all right 06:26 - Note from YC founder 07:04 - Blank for X - Fail after getting money 07:22 - Validation 09:06 - First principles 10:05 - Ground Truth Answers 12:06 - Clear thinking 13:21 - Discipline 15:40 - Hardware crowdfunding 19:21 - Hardware startup - Best practices
SPEAKERS
Dalton Caldwell
hostY Combinator partner and startup founder focused on product and founder advice.
Michael Seibel
hostY Combinator partner and startup founder who co-hosts YC’s founder-advice content.
EPISODE SUMMARY
In this episode of Y Combinator, featuring Dalton Caldwell and Michael Seibel, Simple Products That Became Big Companies – Dalton Caldwell and Michael Seibel explores start Simple, Seek Ground Truth, Avoid Common Startup Founder Mistakes Caldwell and Seibel argue that founders fall into 'boiling the ocean' by building elaborate, multi-use-case products before getting a single user, and point to OpenSea and Gusto (ZenPayroll) as companies that began with one simple thing that worked.
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