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Y CombinatorY Combinator

The Student's Guide To Becoming A Successful Startup Founder

If you're a high school or college student with big dreams of starting your own company, this video is for you. Dalton Caldwell and Michael Seibel, two startup founders who started in the early 20s and are now top investors, sit down to share the hard-won advice they wish they had known back in high school. Whether you're already running your own startup or just have an idea you can't stop thinking about, Caldwell and Seibel will discuss the skills you need to learn now and how to set yourself up for success after graduating school. Their stories will give you a glimpse of what's truly possible at the intersection of ambition and opportunity in in today's world. This is a masterclass in entrepreneurship for the next generation. Apply to Y Combinator: https://yc.link/DandM-apply Work at a Startup: https://yc.link/DandM-jobs Chapters (Powered by https://bit.ly/chapterme) - 00:00 - Intro 01:12 - Delayed Gratification 02:23 - Learn to Code 04:17 - Learn Design 04:52 - Launch Products 06:49 - Make Friends 08:04 - School Sandbox 09:13 - Learn To Care 11:20 - Credential Game 13:35 - Fads That Stick 15:42 - Be Excited 17:50 - Be Honest 20:08 - Love The Long Games 23:46 - Live Your Dream

Dalton CaldwellhostMichael Seibelhost
Apr 14, 202324mWatch on YouTube β†—

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At a glance

WHAT IT’S REALLY ABOUT

YC Partners Share Advice for Ambitious High Schoolers Dreaming of Startups

  1. Michael Seibel and Dalton Caldwell argue that young people should treat the startup game as long and not going away, using a video game 'grinding' analogy to explain why up-skilling now pays off later.
  2. They recommend concrete skills to build in high school: learning to code, learning basic design, launching low-stakes products to get reps, and learning to talk to people and make friends.
  3. They say caring about helping people, being honest with yourself and others, and learning to use the credential system rather than rejecting it are traits that set founders apart.
  4. They encourage an optimistic view of technology and a nose for telling lasting trends from passing fads, rather than absorbing negative media framing.
  5. They close by stressing that ambition requires patience over many years, citing a startup typically taking seven to 10 years, and urge students to keep their dreams alive.

IDEAS WORTH REMEMBERING

5 ideas

Up-skilling now makes you far more powerful later

Michael Seibel compares it to grinding in Final Fantasy VII before fighting a boss, but stresses that you must actually be building skills during that time.

Everyone should learn to code, even future non-technical founders

Seibel says he was the business co-founder who couldn't code and felt borderline useless at times, and both hosts argue coders are the power center of software companies and it's never too late to learn.

Launch small projects to get reps

Dalton Caldwell cites Mark Zuckerberg and Adam D'Angelo building a popular Winamp music recommendation plugin in high school as an example of going through the full motions of making and releasing something with no stakes.

Social skills are learnable and high school is a sandbox

The hosts say you get better by being bad at it first, that identity buckets like nerd or jock aren't permanent, and that high school reputations rarely follow you, so it's a safe place to experiment.

Use the credential system rather than reject or worship it

Both hosts say rejecting credentials outright holds you back, while believing credentials prove merit leads to disappointment, so the healthy view is treating the system as a tool you can use.

WORDS WORTH SAVING

5 quotes

Your job is to be an optimist. Your job is to believe amazing things about what can you do with your life and what can you do in the world when you're young.

β€” Dalton Caldwell

The people who code are the most powerful people inside the s-

β€” Michael Seibel

The person that you're afraid to go talk to is the same person who would probably like someone to come talk to them.

β€” Michael Seibel

True ambition means being patient over many, many, many years.

β€” Dalton Caldwell

A lot of people have dreams when they're young. And they lose their dreams in their 20s. They let the dreams go. But if you keep your dream and put in the years of work, those are the people sitting at the top of the system.

β€” Dalton Caldwell

Delayed gratification and up-skillingLearning to code and designLaunching low-stakes side projectsMaking friends and social skillsCaring about customers and helping peoplePlaying the credential gameFads versus lasting value

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