Highly respect Michael and appreciate sharing the jewels in these videos. But have to disagree with this "if you have developers building your product in India, we don't invest in you". This is going to be YC's Achilles heel if it's true. It used to be that coding was the most valuable, hardest to find skill around.. 10 years ago! But in today's world, Product is the top skill, Marketing and customer acquisition is up there with it. Coding is a commodity, unless you're a first time entrepreneur just our of college or dropping out. If you have any experience as a Product manager, and have "actually" built products using distributed teams before, coding is still very important, of course, but it's NOT your top challenge. Sourcing and putting distributed, global teams together to build is the most valuable skill and if you are or find someone who can do that AND design and architect a product while acquiring customers you have the winning formula. Of course, talk is cheap so there has to be substance behind any claim.
I definitely don't see that to be the case. I rarely ever see people that outsource their development build amazing products. I do believe that marketing and customer acquisition is important though, but it's not mutually exclusive. Moreover, labour markets do not reflect that software-engineering is commoditised. If it was, software engineering wouldn't be one of the highest-paid professions in the world.
This is nonsense. He is talking about having a tech cofounder who can develop the product. You shouldn’t develop an MVP outsourcing (and paying full price) for a prototype. In general you start hiring after you have proved something, your idea, but for that you need to first make the product. But in early stages you don’t have money, so you don’t hire, you do it by yourself. It’s very costly to develop software and ITERATING. Distributing teams, product managers... you need money for that, and early stage startups don’t have it. Startups don’t know their client, what they actually need, what’s the product is about... imagine paying full price to discover this. 99.99% wont ever do it this way.
What you say has a lot of truth, but the context is that yc invests in tech companies & with a technical cofounder, it just is structurally a poor fit. Also, if you cannot recruit a technical cofounder - you may need to reasses your personal competency or idea (sharing this bc I’ve been there before)
They fund people from every part of the world including India. What he actually said if you listen closely is that they won't fund someone who is relying on freelance coders in India to make their project for them. It's difficult to know everything you need to know as a venture backed startup if your tech talent is across the world and owns no piece of the company and he is absolutely right.
Yeah you're the ignorant moron for not listening to what he actually said and then going and talking badly about him. Michael is brilliant and I could listen to him all day
Absolutely love michael. What a great guy!
I fkn love Michael
i have no idea! next question ... i think the guy was not listening // please catch up
Thank you for sharing this. I agree with Michael about working with good and brilliant people should be the main goal to pursue.
Why is everyone so obsessed with their race and gender?
Highly respect Michael and appreciate sharing the jewels in these videos. But have to disagree with this "if you have developers building your product in India, we don't invest in you". This is going to be YC's Achilles heel if it's true.
It used to be that coding was the most valuable, hardest to find skill around.. 10 years ago! But in today's world, Product is the top skill, Marketing and customer acquisition is up there with it. Coding is a commodity, unless you're a first time entrepreneur just our of college or dropping out. If you have any experience as a Product manager, and have "actually" built products using distributed teams before, coding is still very important, of course, but it's NOT your top challenge.
Sourcing and putting distributed, global teams together to build is the most valuable skill and if you are or find someone who can do that AND design and architect a product while acquiring customers you have the winning formula. Of course, talk is cheap so there has to be substance behind any claim.
I definitely don't see that to be the case. I rarely ever see people that outsource their development build amazing products. I do believe that marketing and customer acquisition is important though, but it's not mutually exclusive. Moreover, labour markets do not reflect that software-engineering is commoditised. If it was, software engineering wouldn't be one of the highest-paid professions in the world.
This is nonsense. He is talking about having a tech cofounder who can develop the product. You shouldn’t develop an MVP outsourcing (and paying full price) for a prototype.
In general you start hiring after you have proved something, your idea, but for that you need to first make the product. But in early stages you don’t have money, so you don’t hire, you do it by yourself.
It’s very costly to develop software and ITERATING. Distributing teams, product managers... you need money for that, and early stage startups don’t have it. Startups don’t know their client, what they actually need, what’s the product is about... imagine paying full price to discover this.
99.99% wont ever do it this way.
What you say has a lot of truth, but the context is that yc invests in tech companies & with a technical cofounder, it just is structurally a poor fit.
Also, if you cannot recruit a technical cofounder - you may need to reasses your personal competency or idea (sharing this bc I’ve been there before)
70% of silicon valley's brains are from India and he says people from India can't code. Such ignorance, much wow.
They fund people from every part of the world including India. What he actually said if you listen closely is that they won't fund someone who is relying on freelance coders in India to make their project for them. It's difficult to know everything you need to know as a venture backed startup if your tech talent is across the world and owns no piece of the company and he is absolutely right.
Yeah you're the ignorant moron for not listening to what he actually said and then going and talking badly about him. Michael is brilliant and I could listen to him all day
Sourav Singhal Ok your dumb! Not what he said, go back and listen Pinchy goose goose 😂
I think 70% is a bit of an exaggeration.
0.7 not 70 pls fix