How to Get and Evaluate Startup Ideas | Startup School

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  • เผยแพร่เมื่อ 24 ธ.ค. 2024

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  • @MarcelinaMakowski
    @MarcelinaMakowski 17 ชั่วโมงที่ผ่านมา +404

    How much interest can I make on 500k? thinking of going into stock !

    • @AlexandersRodrigueza
      @AlexandersRodrigueza 17 ชั่วโมงที่ผ่านมา

      The time it takes to turn $500,000 into $1 million depends on your investment strategy and the rate of return. . If you put it in a high-yield savings account you'd earn $100,000 per month with a good financior planner. However, if you invest it in the stock market, which has historically returned , you could potentially make around $250,000 per month still depending on your market and risk taking strategy. So you need a good investment plan to earn well for a short period of time.

    • @RiggiosMiners
      @RiggiosMiners 17 ชั่วโมงที่ผ่านมา

      Amazing question , A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

    • @MarcelinaMakowski
      @MarcelinaMakowski 17 ชั่วโมงที่ผ่านมา

      @@RiggiosMiners I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...

    • @RiggiosMiners
      @RiggiosMiners 17 ชั่วโมงที่ผ่านมา

      Taking break may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. A licensed adviser whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...

    • @MarcelinaMakowski
      @MarcelinaMakowski 17 ชั่วโมงที่ผ่านมา

      @@RiggiosMiners Oh please I’d love that. Thanks!

  • @startupengineer
    @startupengineer ปีที่แล้ว +374

    How to Get and Evaluate Startup Ideas
    - Do you have founder market fit?
    - How big is the market?
    - Big now or small but rapidly growing
    - How acute is this problem?
    - It’s not a problem or it’s not a problem that people care about.
    - If the alternative to your solution is literally nothing then that’s great.
    - Do you have competition?
    - Most good startup ideas have good competition.
    - If going against entrenched competition, you generally need a new insight.
    - Do you or someone you know want this?
    - Did this only recently become possible or necessary?
    - New tech, regulatory change, new problem
    - That’s often what creates a new opportunity
    - Are there proxies for your business?
    - A large company that does something similar to your startup, but it’s not a direct competitor.
    - Is this is something you’d want to work on for years?
    - Often an idea grows on founders as it begins to work.
    - Is this a scalable business?
    - Software - yes
    - Services or anything with high skill human labor needed needs to be thought about deeply
    - Is this a good idea space?
    - One level of abstraction out from a particular startup idea. It’s a class of closely related startup ideas.
    - Infra monitoring tools, food delivery services etc.
    - Diff idea spaces have wildly different hit rates. In the last 10 years, fintech infra, vertical SaaS for enterprise had astonishingly high chances of becoming billion dollar companies. Consumer hardware and social networks were orders of magnitude lower. This changes over time.
    - Fivetran worked through an idea space multiple times before getting to the thing they actually succeeded
    Ideas that are hard to get started
    - Stripe. Thousands of developers knew this was a problem. Getting started was super difficult.
    Ideas that are boring
    - Gusto. Payroll software was left alone for a long time.
    Ideas that have existing competitors
    - Most good startup ideas have existing competitors. The reason there are no competitors is because no one wants the product.
    - A great situation is where there are existing competitors but you’ve noticed something they all seem to have missed, or they all suck.
    - What’s the unique insight? Dropbox realized the UX sucked with all existing ~20 competitors. Drew realized that if you could patch into the host operating system you could sync all the files automatically. That was the right insight.
    Generating organic startup ideas
    - Become an expert on something valuable.
    - Work at a startup.
    - Build things that you find interesting.
    Generating startup ideas forcefully
    - Start with what your team is especially good at and think of ideas that take advantage of your expertise.
    - Automatic founder market fit.
    - Rezi, open-door for rental apartments. Founders had worked in real estate and debt financing. When they got into YC they spent the first month looking for ideas. They only looked at the intersection of real estate and fintech. That’s a fertile space.
    - Start with a problem you’ve personally encountered, ideally one you’re in a unique position to see.
    - Vetcove. Dad was a vet and was using old school ways to order supplies.
    - Think of every job you’ve had (+ internships and life experiences). What problems did you come across that other people don’t know?
    - Think of things that you wish existed.
    - Order food from local restaurants.
    - Most likely to hit tarpit ideas. Is there a structural reason this doesn’t exist?
    - Look for things in the world that have changed recently that might have created a new opportunity.
    - The pandemic changed daily life.
    - Gathertown. Fun way to hang out with people online.
    - Variants of successful companies.
    - Nuvo cargo - flexport for latam. Large market, good proxies, even though he didn’t have domain expertise
    - Talk to people and ask them what problems they have
    - Find a fertile idea space and talk to people in the space.
    - AtoB founders literally went and talked to truck drivers at pit stops and talked to founders in the space.
    - Big industries that are broken
    - Find a cofounder with an idea lol

    • @tahamian4822
      @tahamian4822 ปีที่แล้ว +6

      hello there brother, thank you for this summary. did you right all of this or did you use some sort AI (i am asking so i could boost my productivity) to help you because this was great

    • @startupengineer
      @startupengineer 10 หลายเดือนก่อน

      @@tahamian4822all manual, otherwise I won’t retain anything 😅

    • @bivegeteshemarodriguekevin5229
      @bivegeteshemarodriguekevin5229 10 หลายเดือนก่อน +2

      Thank you so so much ❤

    • @MichaelEdward-e6v
      @MichaelEdward-e6v 9 หลายเดือนก่อน +1

    • @emmanuelagana3766
      @emmanuelagana3766 8 หลายเดือนก่อน +1

      Bless you brother

  • @bilbobeutlin3405
    @bilbobeutlin3405 2 ปีที่แล้ว +202

    Him picking up the bottle and not drinking somehow triggered me so hard
    Apart from that, great video

    • @Ms_3sam3
      @Ms_3sam3 10 หลายเดือนก่อน +4

      Me too, I don't know why

    • @etekumoses3320
      @etekumoses3320 10 หลายเดือนก่อน +14

      It’s an idea I see a problem in that 😂😂

    • @jolima
      @jolima 10 หลายเดือนก่อน +3

      The moment you realise the guy is high on a cocktail of psychedelics and amphetamines 👀

    • @bilbobeutlin3405
      @bilbobeutlin3405 10 หลายเดือนก่อน +2

      @@jolima you might be onto something here, he barely blinks...

    • @Rugby2000
      @Rugby2000 10 หลายเดือนก่อน +2

      I am so glad I am not the only one who that disturbed😑

  • @chapterme
    @chapterme 2 ปีที่แล้ว +272

    Chapters (Powered by ChapterMe) -
    00:00 - Finding a promising idea
    00:51 - Where does this advice come from?
    01:44 - 4 most common mistakes
    01:47 - Not a real problem
    03:12 - Getting stuck on a tarpit idea
    05:38 - Not evaluating an idea (or) Waiting for the perfect idea
    06:29 - 10 key questions to ask about any startup idea
    06:41 - Do you have founder/market fit?
    07:59 - How big is the market?
    08:31 - How acute is the problem?
    09:12 - Do you have competition?
    09:30 - Do you want this?
    09:50 - Did this recently become possible or necessary?
    10:46 - Are there good proxies for this business?
    11:18 - Idea you'd want to work for years
    11:55 - Is this a scalable business?
    12:15 - Is this a good idea space?
    14:40 - 3 things that make your startup idea good
    15:14 - Hard to get started
    16:25 - Boring space
    17:59 - Existing competitors
    19:42 - How to come up with startup ideas
    21:25 - 7 recipes for generating startups ideas
    21:40 - What your team good at
    23:31 - Start with a problem you personally encountered
    24:59 - Using recipes one and two
    25:44 - Personally wish existed
    26:22 - Things that have changed recently
    28:08 - Talk to people and ask their problems
    31:16 - Big industries that seem broken

  • @JettGill
    @JettGill หลายเดือนก่อน +1

    You putting this up for free is actually clutch - praise to you

  • @AryanChaurasia10
    @AryanChaurasia10 2 ปีที่แล้ว +28

    I am so grateful for getting access to these high quality content! Thank you all!

  • @razor8629
    @razor8629 2 ปีที่แล้ว +64

    17:10 Come on Jared - I was waiting for you to drink... and you did nothing 🤷‍♂- Ahhhhh SO FRUSTRATED 😡!

    • @mahedul
      @mahedul 2 ปีที่แล้ว +1

      yeah man same.

    • @adil.670
      @adil.670 6 หลายเดือนก่อน +2

      It's crazy how we felt the same way .

    • @ragavkiran7416
      @ragavkiran7416 6 หลายเดือนก่อน +2

      Thank God I thought I was the only one

    • @Soaayy
      @Soaayy หลายเดือนก่อน +1

      Hahaha this made laugh

  • @ivanalcazar9060
    @ivanalcazar9060 ปีที่แล้ว +9

    Amazing that a resource like this is free. As someone who is looking into entrepreneurship after consulting, this has been helpful with trying to understand idea generation and evaluation.

    • @ashwinkale2870
      @ashwinkale2870 ปีที่แล้ว

      hey you worked into consultancy industry

  • @AkshitChaudhary0
    @AkshitChaudhary0 ปีที่แล้ว +5

    This Video is more worth than a Whole book on this topic

  • @parthi2929
    @parthi2929 2 ปีที่แล้ว +133

    Summary:
    3 Parts
    Common mistakes
    - just building that doesnt solve real problems (Solution in search of a Problem - SISP).
    - tarpit idea (existing ideas, not taking off - ex, task planner),
    - not evaluating the idea, picking first idea, etc
    - waiting for perfect idea on other side of spectrum
    - Paul - an idea is a good starting point
    If your idea good?
    - 10 key questions
    - founder/market fit? - good idea for team
    - how big is market? big now & small now, but rapidly growing
    - how acute is this problem? Ex. Brex
    - do u have competition? competition is good.
    - do you want this? do we know personally someone wanting this?
    - only recently possible or recently necessary? Ex.Checkr
    - r there good proxies for this business? (similar, not direct competitor) Ex. Rappi
    - is this an idea u want to work on for years? often, idea morphs, could also be boring.
    - is this a scalable business?
    - is this a good idea space? Ex. Fivetran
    3 things that make idea seem bad, but actually make them good (most founders shy away)
    - schlep blindness. Ex. Stripe. Read Paul Graham's article.
    - hard to get started
    - boring space (Ex, payroll), boring doesn't matter as we grind, anyway
    - existing competitors (Ex, dropbox) - needs specific insight
    how to come up with new ideas?
    - made up idea possible, btu not best way. Organic is better.
    - long game - become expert, work at startup, just build things (thought not startup idea)
    - 7 recipes
    - start with team expertise, idea taking advantage of that expertise (Rezi)- interdomain advantage
    - start with problem encountered (Ex, Vetcove)
    - things you personally wish existsed (Ex, Doordash) - beware of tarpit
    - things that have changed recently Ex. Covid => gathertown
    - new variants of successful companies Ex. nuvo cargo
    - talk to people and ask what problems (first idea space), Ex. AtoB
    - big industries seem broken => right for disruption
    - find cofounder in yc
    No one knows for sure if good, so just launch and find out

  • @buildandgrowth
    @buildandgrowth 3 หลายเดือนก่อน +1

    All these questions are the keys to evaluate before start, sometimes founders anxiety to build the product are stronger than follow a framework or doing the right questions, I always work with founders on this points and the importance to answer all these questions before write the first line of code

  • @EnRuc-v8m
    @EnRuc-v8m 11 หลายเดือนก่อน +3

    4 MOST COMMON MISTAKES:
    - Not Solving a Real Problem
    - Getting Stuck in a Tarpit Idea
    - Not Evaluating an Idea
    - Waiting for the Perfect Idea
    10 KEY QUESTIONS TO ASK ABOUT A STARTUP:
    - Do you have Founder Market Fit? (pick a good idea for your team)
    - How big is the Market?
    - How accute is it problem? (does someone care about it?)
    - Do you have competition? (most good startup ideas have competition)
    - Do you want the product?
    - Did this recently become possible or necessary?
    - Are there good proxies for this business? (not a direct competitor)
    - Is this an idea you want to work for years?
    - Is this an scalable business?
    - Is this a good idea space? (with good future hit rate)
    3 THINGS THAT MAKE YOUR STARTUP IDEA GOOD (although they might seem bad):
    - Ideas that are hard to get started (hard ideas usually imply oportunities just sitting there to be taken)
    - Ideas that are in a boring space (boring ideas have a much higher hit rate than fun ideas)
    - Ideas that have market competitors (specially good if they suck)
    HOW TO COME UP WITH STARTUP IDEAS:
    - Become an expert on something valuable
    - Work at a startup
    - Build things you find interesting
    7 RECIPES FOR GENERATING STARTUP IDEAS:
    - Start with what your team is good at (authomatic Founder Market Fit)
    - Start with a problem you personally have encountered
    --> Look into your life and professional experiences for startup ideas
    - Think of things you personally wish existed (careful with tarpit ideas)
    - Look for things in the world that have changed recently
    - Look for new variants of successful companies
    - Talk to people and ask them what problems they have (potentially in fertile ideas spaces)
    - Look for big industries that look broken

  • @scienceness6689
    @scienceness6689 ปีที่แล้ว +2

    00:11 Common mistakes with startup ideas
    02:07 Fall in love with a high-quality problem to find a startup idea.
    06:01 Founder market fit is crucial for a startup idea to succeed.
    08:01 Evaluate the startup idea based on market size, problem acuteness, competition, personal interest, and recent changes.
    12:16 Choosing a good idea space is crucial for startup success.
    14:20 Picking a good idea space is crucial for finding startup ideas.
    18:28 Dropbox saw opportunity in a crowded market
    20:15 To generate organic startup ideas, become an expert on something valuable, work at a startup, or build things that interest you.
    23:48 Vetcove founders noticed a problem in the old-fashioned way veterinarians order supplies and built a solution.
    25:45 Think of things you personally wish existed
    29:14 A to B founders became experts in the trucking industry by physically talking to truck drivers and other founders.
    31:03 Finding startup ideas: anyone can do it, but it requires effort
    Crafted by Merlin AI.

  • @ycombinator
    @ycombinator  2 ปีที่แล้ว +53

    What's your favorite method for coming up with startup ideas?

    • @param7302
      @param7302 2 ปีที่แล้ว +8

      Hmm.. The first one. Alleviate suffering that requires physical labour but does not necessarily need to.

    • @devtea
      @devtea 2 ปีที่แล้ว +32

      Keep a daily 'little book' of problems. (As opposed to a little book of 'ideas'). Think about problems you encounter every day, and make new entries into the book daily. Read and evaluate these problems on a regular basis. All of this is even better if you have a co-founder: each co-founder should do this. The outcome will compound on itself. This is one way to come with great startup ideas. Full credit for this goes to YC, not surprisingly: thank you Michael Seibel!

    • @haribhaskaran999
      @haribhaskaran999 2 ปีที่แล้ว +6

      I’m a recent YC founder and I still love these YC videos! So much clarity on this video, Jared. Thanks
      I let new ideas just brew in the back of my mind, try not to actively think of them during my day-to-day activities. Then they evolve into light bulb moments when I go out for a run.

    • @rupamkundu3574
      @rupamkundu3574 2 ปีที่แล้ว +2

      I want to build a startup that helps Biotechnology startups. Since I am not from this industry, talking to users is probably the best approach for me.

    • @rahulvignesh2775
      @rahulvignesh2775 2 ปีที่แล้ว

      Customer discovery, like what A2B did! Tried and tested.

  • @chrcz8346
    @chrcz8346 ปีที่แล้ว +6

    Amazing that you’re sharing this. Thanks. It’s adorable how he grabbed the water and never drank. I would’ve waited for you to drink so that’s my idea for him. We’re even. :)

  • @WrenFrostfield
    @WrenFrostfield 6 วันที่ผ่านมา +1

    Amazing that a resource like this is free.

  • @davidsimeoncole
    @davidsimeoncole 5 วันที่ผ่านมา +1

    Ok my app idea literally has ticked all the boxes I’m absolutely sure I must do it now

  • @QueenLover-j5i
    @QueenLover-j5i 3 หลายเดือนก่อน +1

    Quiz By "YouSum Live"
    00:00:24 What is the main focus of this talk?
    00:01:49 What is a common mistake founders make?
    00:02:45 How should founders approach problem identification?
    00:03:16 What are tar pit ideas?
    00:07:44 Why is founder market fit important?
    00:08:01 What is a good indicator of a startup's potential?
    00:08:34 How can founders assess if their idea is good?
    00:09:14 Why is competition not always a bad sign?
    00:20:01 How can founders generate startup ideas organically?
    00:20:22 What is a common pitfall when brainstorming ideas?
    00:23:00 What should founders do if they lack domain expertise?
    00:32:09 What is the best way to validate a startup idea?
    Quiz By "YouSum Live"

  • @rupamkundu3574
    @rupamkundu3574 2 ปีที่แล้ว +86

    This is life changing advice! Keep up the good work YC!

  • @assaflaufer6762
    @assaflaufer6762 ปีที่แล้ว +3

    One of the best videos EVER about this topic, and I have seen a lot...

  • @martinstine
    @martinstine ปีที่แล้ว +98

    Great course. I got an idea on how to market myself startup while taking this course. Bunch of thanks YC and Jared.

    • @lailaalfaddil7389
      @lailaalfaddil7389 ปีที่แล้ว +1

      That's right, getting in touch with an FA during the pandemic was how I was able to scale through the crazy stock downtrend and helped me stay in profit & save my finances.

  • @harrison6082
    @harrison6082 2 ปีที่แล้ว +4

    18:30 Good point!
    If not that many people are using it
    and the competition sucks,
    then that could be a good area to look into

  • @davidhernandez9275
    @davidhernandez9275 ปีที่แล้ว +1

    Thank you for the video! In 2 aspects I got confused, could u please elaborate?
    1) You recommend avoiding products that seem "fun" but then you recommend that if you are a programmer, you should code projects that you find interesting
    2) In some moments you mention it is bad if the product doesn't have competitors because it means maybe people didn't want this solution, but then you mention that it is counter-intuitive but it is good having competitors

  • @thembastoep733
    @thembastoep733 2 หลายเดือนก่อน

    This is probably the most helpful video I have ever seen on youtube

  • @zma8080
    @zma8080 ปีที่แล้ว +20

    Omg … when you didn’t drink … killed me

    • @joyhoon
      @joyhoon 9 หลายเดือนก่อน

      I fill really thirsty because of this

  • @AlphaChinou
    @AlphaChinou ปีที่แล้ว +1

    This YC channel is amazing stuff. The best I have found anywhere.

  • @madiyarala
    @madiyarala ปีที่แล้ว +10

    how many ideas were rejected by YC but actually succeding?

  • @akshatjainbafna
    @akshatjainbafna 2 ปีที่แล้ว +5

    Your guys' explanation is so cool, I wish I had all the teachers explaining all the technical lessons with this pedagogical approach.
    The way he told Hmm! AI is cool what can I apply AI to.

  • @RoyPark2638
    @RoyPark2638 2 ปีที่แล้ว +5

    Good Ideas
    1. Hard problem
    2. Boring space
    3. Existing competitors

  • @AC7-5EP
    @AC7-5EP ปีที่แล้ว +1

    Thank you Mr. Friedman for the very insightful speech.

  • @kodykendall
    @kodykendall ปีที่แล้ว +6

    Is there anywhere we can learn about "idea spaces"? Has anyone put together a comprehensive list, and their hit rates? That would be an extremely interesting set of data to look at.

  • @Lightrunnerr
    @Lightrunnerr ปีที่แล้ว

    The bad tarpit idea (3:16) and a good hard-to-get-started idea (15:14 ) seems pretty similar.
    Both are fairly obvious ideas that make you wonder why no one did it yet.
    Both are harder than expected.

  • @CanaaniteRanger
    @CanaaniteRanger 7 หลายเดือนก่อน

    I believe that meeting app problem can be solved by viewing the problem from a different point of view .. what I mean is if you have the app actually help the student or the user to manage his/her schedule in the first place .. then rearranging the schedule can be done to meet that event date .. so if I click on an event that will take place next Friday the app should rearrange my schedule of the whole week to meet my obligations and thus make space to attend the event ...
    The problem then would be only for the user to commit to his application by updating his/her daily commitments ... :-)

  • @vollmerama
    @vollmerama ปีที่แล้ว

    This really is an amazing channel for me as a UX designer.

  • @yairsedaka9776
    @yairsedaka9776 ปีที่แล้ว +9

    QUESTIONS FOR THE AUDIENCE
    Would you like to have a simple "startup ideas" evaluator framework for better evaluating and comparing startup ideas?

    • @shonlev-ran8439
      @shonlev-ran8439 ปีที่แล้ว +3

      Sure!

    • @picus23
      @picus23 ปีที่แล้ว +5

      I have tons of ideas, it would be interesting if I would have a better way to evaluate which ideas should I start working on.

    • @astrarai-thesobercoder
      @astrarai-thesobercoder ปีที่แล้ว

      This sounds interesting.

  • @nezrinmelikova1877
    @nezrinmelikova1877 11 หลายเดือนก่อน +1

    I really appreciate it. Really helpful and insightful video. Thanks a lot to everyone who has an effort on this video.

  • @davidgardener1152
    @davidgardener1152 4 หลายเดือนก่อน

    OMG the way he teased drinking that bottle of water at 17 min was performance art. magical.

  • @alexk219
    @alexk219 7 หลายเดือนก่อน

    I don’t ever comment on videos, but this was fantastic. Tons of lightbulb moments while watching this. Thank you

  • @财心社
    @财心社 2 หลายเดือนก่อน +1

    simply and importantly, 3 points as below,
    1,what's the problem
    2,how big is the market
    3,can you do it?solve the problem

  • @PattonNelson-qv7um
    @PattonNelson-qv7um หลายเดือนก่อน +1

    Thank you for creating the video - likes Unequivocally !!!!

  • @naseelrahim
    @naseelrahim ปีที่แล้ว +1

    this is phenomenal.straight hit.Insha Allah i will be pitching at YC in the near future..

  • @ib_concept
    @ib_concept 11 หลายเดือนก่อน +1

    Awesome. Ideas that take advantage of your expertise

  • @FirstnameLastname-qz9fr
    @FirstnameLastname-qz9fr 3 หลายเดือนก่อน

    This guy is awesome, where can we see more of him?

  • @Synthminator
    @Synthminator 2 หลายเดือนก่อน

    Outstanding video, thanks. The Tarpit concept is a great warning!

  • @PranavRajagopal
    @PranavRajagopal 2 ปีที่แล้ว +3

    I really want to start a business. Thanks for this video! Need all the advice I can get

  • @sack-shaw
    @sack-shaw ปีที่แล้ว +4

    Jared's body is so optimised for generating start up ideas that he only needs to sniff water to stay hydrated

  • @JaimeGuajardo
    @JaimeGuajardo ปีที่แล้ว

    Wow one of the best startup videos ever

  • @itsbonakim
    @itsbonakim 2 ปีที่แล้ว +7

    This is amazing! Thank you for sharing. I'm a product designer, and while I am not looking for a start up idea right now, I think these principles are applicable at work as well. Thx!!!

    • @rish5152
      @rish5152 8 หลายเดือนก่อน

      Hello! Anyone in need of a project manager and a academic writer to inbox me. Referrals will be greatly appreciated.

  • @CleopatraShamiso
    @CleopatraShamiso 10 หลายเดือนก่อน

    So practical and encouraging. I got down a lot of notes.

  • @devjeet_choudhury
    @devjeet_choudhury ปีที่แล้ว

    Tarpid ideas can also work if you have relevant connections and a rough idea of how you can execute them.

  • @Dennis_Troeger
    @Dennis_Troeger หลายเดือนก่อน +1

    Pure Gold.

  • @sifisohadebe5401
    @sifisohadebe5401 9 หลายเดือนก่อน

    Thank you! This video is the inspiration i needed.

  • @PidaTakesaris
    @PidaTakesaris ปีที่แล้ว

    Are you guys at YC only tech, do you look at humanitarian products eg green energy solutions, or novel hardware for aerospace, industrial & domestic markets?

  • @vaishnavigupta9111
    @vaishnavigupta9111 หลายเดือนก่อน

    practical to the point- LOVE IT

  • @17teacmrocks
    @17teacmrocks ปีที่แล้ว

    some proxies don't work due to differences in other geographies like 1) whoever thought uniqlo would do well in the US like in JP clearly didn't realize our clothing market is much more diversified with pricing accessible to everyone. (JP used to have limited options between expensive foreign imports and ultra-cheap street shop clothing with variable quality). 2) McD's trying to compete in SEA, where local tastes and ingredients were vastly different, local competition was at least as cheap, better tasting, and familiar

  • @FPSMcduck
    @FPSMcduck ปีที่แล้ว

    Best channel on youtube

  • @Raventhe420
    @Raventhe420 6 หลายเดือนก่อน

    Thank you ! you gave me lots of helps. Really worthy video to invest the time.

  • @EatingMcDonald_burger
    @EatingMcDonald_burger 6 หลายเดือนก่อน +1

    amazing as usual.

  • @imamsandrabbis
    @imamsandrabbis ปีที่แล้ว

    This is gold, thank you for sharing these resources!

  • @Ms_3sam3
    @Ms_3sam3 10 หลายเดือนก่อน

    Really great video, I've learnt a lot, Thank you.

  • @thistemba
    @thistemba 2 หลายเดือนก่อน

    17:06 This water bottle scene is the best part

  • @ektasinha9159
    @ektasinha9159 ปีที่แล้ว +1

    Let's say you have an idea, you believe it will solve a problem in the market. But you need additional data such as sending a survey or conducting some coffee chats with people to evaluate if this is a real pain point.
    Anybody who responds to the survey or comes to your coffee chats would in future not be able to claim any right to the success of your product in the future as they were simply providing early feedback. Is that understanding correct?
    Trying to see if it is necessary to get some kind of NDA or other doc signed by people who give feedback in early stages of the product ?

  • @enesxmusa
    @enesxmusa ปีที่แล้ว +2

    Beyond fruitful.
    But it would be great to focus a bit more on people who don’t have expertise as they’re either young or still studying.
    Just like the founders in the Truck industry you mentioned.
    Detailed information and instructions would be really appreciated!

  • @RoyPark2638
    @RoyPark2638 2 ปีที่แล้ว +3

    7 Recipes for generating startup ideas
    1. Start with what your team is especially good at -> automatic founder market fit
    2. Start with a problem personally encountered
    1 & 2 -> 1. think of every job you've had. 2. What are problems or opportunities you've been in a special position to see?
    3. Think of things you personally wish existed -> Doordash, but dangerous to be tarpit idea.
    4. Look for things in the world that have changed recently -> c19 example
    5. Look for new variants of successful companies -> Nuvocargo example
    6. Talk to people and ask what problems they have -> requires a lot of skills. Pick a fertile idea space, and talk people in that idea space, not just to potential customers, but also to founders of companies in that idea space to get advice what ideas are actually worth pursuing. Gooe example is AtoB: Makes a fual cards for truck drivers, pivoted idea, and spent whole YC batch time to find a idea. 1. Picked an idea space. 2. Drove to truck stops and talked to potential users. 3. Asked other founders about the industry. 4. Evaluated several ideas before picking fuel cards.
    I'm willing to put my work since I am doing this for full-time. I go with 6.
    7. Look for big industries that seem broken

  • @ryzeruffort
    @ryzeruffort ปีที่แล้ว +6

    Can I pitch to Y-Combinator from outside the United States?

    • @estivenm12
      @estivenm12 2 หลายเดือนก่อน

      If you know the answer, please drop the answer In your comment. I will appreciate it.

    • @elizeebz
      @elizeebz 2 หลายเดือนก่อน

      Yes

  • @aldorodriguez7310
    @aldorodriguez7310 ปีที่แล้ว

    This content is magnificent, It’s Ivy League quality from people who are in the trenches.

  • @1000xdigital
    @1000xdigital 9 หลายเดือนก่อน

    Sometimes localized problems that are relevant to a niche (with big market share) and specific to your country.

  • @michaelmcwhirter
    @michaelmcwhirter 8 หลายเดือนก่อน

    Woah! Let's hear more from this guy!

  • @GotUpLateWithMoon
    @GotUpLateWithMoon ปีที่แล้ว +1

    How to systematically evaluate idea spaces? I imagine you didn't do industry analysis across the entire NAICS/GICS. You mentioned two criteria (big and not-disrupted), but how to evaluate "not-disrupted" enough? You mentioned finance has a higher success rate. How would you find the report or overview on this topic?

    • @Yuvraj.
      @Yuvraj. ปีที่แล้ว

      I have an intense curiosity in my idea space of interest. I have a personal problem I want to solve in it. I research ways in the space to solve that problem… that’s the way I did it

  • @juniorsolo518
    @juniorsolo518 ปีที่แล้ว +5

    Just launch it and found out

  • @liamtal3324
    @liamtal3324 2 ปีที่แล้ว +1

    maybe do a video of solving founder/market fit Thx

  • @HesterOwens-w4n
    @HesterOwens-w4n 7 หลายเดือนก่อน

    How is this possible, looks too good to be true

  • @ArunKumar-jk5pq
    @ArunKumar-jk5pq ปีที่แล้ว

    An awesome talk. It is inspirational to see folks interested in seeding "founders" in the audience.

  • @franciswong5249
    @franciswong5249 ปีที่แล้ว

    Jared is the best, such great advice and insight!

  • @sosiuasekona
    @sosiuasekona 4 หลายเดือนก่อน

    Jared, great share. Thank you

  • @Yaxqb
    @Yaxqb ปีที่แล้ว

    Insanely inspiring advice. Thank you!!!

  • @thehappydaysapp
    @thehappydaysapp 2 หลายเดือนก่อน

    Is this advice sound for consumer startups as well?

  • @alaetazrouti
    @alaetazrouti ปีที่แล้ว

    thank u so much for sharing this valuable tips with us!!

  • @nadavwow
    @nadavwow 5 หลายเดือนก่อน

    Thanks for the tips! Much appreciated

  • @SangramChavan1
    @SangramChavan1 ปีที่แล้ว

    Is there any list of tarpit idea ?

  • @kaafoezoker1605
    @kaafoezoker1605 2 ปีที่แล้ว

    I will research and stand on my square.I respect the accelerator. Problem solving.If I come to you it will be correct.

  • @kunle009
    @kunle009 ปีที่แล้ว

    This is golden. Thanks for this. I hope to make good use of this info's.

  • @auguststas7770
    @auguststas7770 ปีที่แล้ว

    Pure gold. It is somehow not the same like the people teach in university. Maybe it is because of teacher but That is very cool.

  • @ariellozon4893
    @ariellozon4893 ปีที่แล้ว +4

    Just a great video. totally practical. totally grounded and totally based on experience. Thanks!!

  • @PriyankarKumarTBR
    @PriyankarKumarTBR 7 หลายเดือนก่อน

    A really insightful video!

  • @rouakrimi
    @rouakrimi ปีที่แล้ว +1

    Excellent video with very useful tips, Thank you!

  • @apurav2007
    @apurav2007 ปีที่แล้ว

    Extremely helpful. Thank you

  • @jbtsg
    @jbtsg ปีที่แล้ว +1

    Legend has it that he hasn't gotten that sip of water till today...

  • @duanegadama61
    @duanegadama61 ปีที่แล้ว +1

    17:18 - Why didn't you drink the water?

  • @GeorgiDimitrovX
    @GeorgiDimitrovX ปีที่แล้ว

    Such an insightful talk. Thanks Jared

  • @justinwitcoff8951
    @justinwitcoff8951 ปีที่แล้ว

    This is extremely helpful. Thank you, YC

  • @PortmannInternational
    @PortmannInternational ปีที่แล้ว

    Great presentation. Thank you

  • @eleken.agency
    @eleken.agency ปีที่แล้ว +1

    17:10 we can totally wait for a water break. Go on, take a sip. Your great ideas will taste even better with a hydrated brain😁

  • @shreyajain8735
    @shreyajain8735 ปีที่แล้ว

    Which editing app did you use to make the first screen?

  • @lvhise
    @lvhise ปีที่แล้ว +2

    This was extremely informative and inspirational. Thank you so much! Going to find my co-founder now!

    • @mrmrjims3865
      @mrmrjims3865 7 หลายเดือนก่อน

      I wish I had show this to my teammate at school at entrepreneurship projects, they were rejecting any idea that simply appear to exist in Google, or exclude anything that look boring

  • @red_brains
    @red_brains ปีที่แล้ว

    I have a good idea that people face this problem everyday (and they get used to it :()
    But I lack skills and it takes me around 6 months to get the skills needed to built this startup.
    Unfortunately I've shared my idea with couple of coursmates.
    What should I do (1. Start project after 6 months hoping no one will steal my idea;
    2. Start now, build project with programmers and share income with them?🤯)

  • @rahi_joshi
    @rahi_joshi 10 หลายเดือนก่อน

    Excellent talk!

  • @OlexVel
    @OlexVel ปีที่แล้ว

    How do I know if my idea space is good?

  • @shahincassim1855
    @shahincassim1855 ปีที่แล้ว +6

    This this the single best presentation I have had on SaaS. The presentation and structure were well laid out. The content is amazing. Thank you very much.

  • @hakanaki
    @hakanaki ปีที่แล้ว

    11:55 What is the issue with startups that depend on highly skilled individuals to provide services to it's customers?