This video covered so many important startup terms, but I found the product-market fit section especially insightful. It’s one of those topics that can be a bit of an enigma, but the way you broke it down is great!
I'm a VoIP (Voice Over Internet Protocol) developer at a small company, I want to start a startup in the comming 5 months and now I'm looking for co-founders, my previous startup (in generative AI space) got accepted into Microsoft for founders hub, if you are a technical, innovative or market person reply me here to discuss more. 😊
Wouldn’t the burn rate be $900,000 and not $100,000? You’ve essentially burned through 900,000 dollars in a month is how my brain processed his explanation.
bootstrapped companies: Microsoft, Github, Atlassian, Mailchimp, Craigslist, Qualtrics… all of them became multibillion dollar companies… don’t believe the VC hype
that’s not really their thing. i mean sure they help founders do it but it’s one of those boring admin necessities i doubt any of the YC partners want to talk about. you’re better off watching other youtube videos from lawyers or accountants imo
Maybe I should make one. The key thing is to think about this: you really need an opinion letter before acquisition that says “all the paperwork before now is legit”. The only way to get that opinion letter is to have a legit retail IP-oriented law firm help you out FROM THE START. In the Valley, it’s Mofo (my fave), Wilson, Fenwick, Cooley, etc, and the next rank down from that. No Way to get it after the fact. This saves your full, future value.
@@amy-007 “Incorporation” can mean “one included into another” but not in the businesses sense, more like a literary anthology, a recipe, an art movement, or, a program of school studies. In this business context, it means “to create a Corporation”, the legal entity by which some types of business are conducted. There are many types, in many jurisdictions. Here in the U.S., there are certain corporation types in certain states, but no such Federal type, but these 50 states’ worth of corporation types have to proceed under Federal tax laws. For our purposes here, the only real type of interest (and of my experience) is the “C Corporation”. There are many reasons why some corporate entities have “LLC” types, but it’s part of a complex corporate strategy. See Google, or Spotify for examples.
Can we can use this jargon in the application? Serious question, esp when talking about background etc. Thanks for your vids, ESPECIALLY the recently refreshed application vid: I’ve shared it widely to potential applicants.
Wish one day to be in Dalton's group partner team, need to work on it hard. Also before YC need to find angel investor to reduce my burn rate XD to avoid running out of money, anyway✌🏻
@@shiyaowu2881 Go-to-Market is a strategy of how you will make a new product or service available. Examples: bundle with an existing service to existing customers. Have a coordinated release, with media (ads) buy, across multiple platforms, pushed by influencers, from traditional or new media. Release in a limited market via retailers. Partner with a Value Added Reseller. Get into an existing catalog (still a thing). Get some retail shelf space (still a thing).
@@shiyaowu2881 Know How is an expression that refers to knowledge and or technique pertaining to the solution side of a customer situation. Example: “by applying a high temperature lubricant to the mold, we have a lower defect rate when injection molding the main component of the…”. 3M’s ability to make “permanently temporary” adhesive for Post-It’s is known how. Applying foam to an aircraft fires is know how. Including a couple extra cards in a deck of playing cards as both protection, spares for ad-hoc replacements, and, a catalog of other products, is known how.
@@kanthwar TAM is a mythological metric of possibility, while ARR is a concrete measurement of what the company has NOW. I prefer MRR for measurement and tracking, and ARR for sizing.
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Chapters (Powered by ChapterMe) -
00:00 - Intro: Startup terminology
00:24 - MVP (Minimum Viable Product)
00:59 - Venture Capital (VCs)
02:25 - Angel Investor
03:15 - Profitability
04:40 - Burn Rate
05:26 - Seed Round
06:16 - Series A, B, or C
07:34 - Product Market Fit (PMF)
09:25 - Bootstrapping
10:22 - Convertible Note
11:44 - Equity
12:30 - TAM (Total Addressable Market)
14:09 - Valuation
15:16 - IPO (Initial Public Offering)
16:15 - ARR (Annual Recurring Revenue)
17:36 - Outro
Dalton without Michael is like cereal without the milk
cereal w/o milk is still good though.
Is Dalton the milk here? And Michael Coco puffs?? ...🤪
I don’t think so, to the point and no side conversation and all good imho…
Milk without the cereal
Nah he’s great to listen to, very to the point as well.
This video covered so many important startup terms, but I found the product-market fit section especially insightful. It’s one of those topics that can be a bit of an enigma, but the way you broke it down is great!
All the terms used in startup
1. MVp
2. VC ,
3. Angel Investor
4. Profitability
5. Burn rate
6. Seed and series a,b,c ..
7. Equity
8. Convertible note , safe note
9. Bootstrap
10 . PMF
11 valuation
12. Sops
13. ARR
14. TAM
15. ARR
Thank you for this helpful video. Can’t wait to (hopefully) working with you soon. 🤞
I'm a VoIP (Voice Over Internet Protocol) developer at a small company, I want to start a startup in the comming 5 months and now I'm looking for co-founders, my previous startup (in generative AI space) got accepted into Microsoft for founders hub, if you are a technical, innovative or market person reply me here to discuss more. 😊
Keep going guys we rooting for yall
Thank you so much for sharing this with us complete beginners .as a high school student This is gonna help me so much.
Wouldn’t the burn rate be $900,000 and not $100,000? You’ve essentially burned through 900,000 dollars in a month is how my brain processed his explanation.
Tremendo!! Justo lo que necesitaba!!
Amazing, Just what I needed!!!
Insightful and very much needed information. Thank you for making and sharing this video.
bootstrapped companies: Microsoft, Github, Atlassian, Mailchimp, Craigslist, Qualtrics… all of them became multibillion dollar companies… don’t believe the VC hype
thanks, rewatching silicon valley rn and I can finally understand wtf is going on 🔥💻
We need a video about company incorporation
that’s not really their thing. i mean sure they help founders do it but it’s one of those boring admin necessities i doubt any of the YC partners want to talk about. you’re better off watching other youtube videos from lawyers or accountants imo
“startup school mechanics” lecture (from any year) covers this, they recommend using clerky
Maybe I should make one. The key thing is to think about this: you really need an opinion letter before acquisition that says “all the paperwork before now is legit”. The only way to get that opinion letter is to have a legit retail IP-oriented law firm help you out FROM THE START. In the Valley, it’s Mofo (my fave), Wilson, Fenwick, Cooley, etc, and the next rank down from that. No Way to get it after the fact. This saves your full, future value.
What do you mean by that? Company incorporation? When a bigger company buys a smaller one?
@@amy-007 “Incorporation” can mean “one included into another” but not in the businesses sense, more like a literary anthology, a recipe, an art movement, or, a program of school studies. In this business context, it means “to create a Corporation”, the legal entity by which some types of business are conducted. There are many types, in many jurisdictions. Here in the U.S., there are certain corporation types in certain states, but no such Federal type, but these 50 states’ worth of corporation types have to proceed under Federal tax laws. For our purposes here, the only real type of interest (and of my experience) is the “C Corporation”. There are many reasons why some corporate entities have “LLC” types, but it’s part of a complex corporate strategy. See Google, or Spotify for examples.
can't a bootstrap be expected to grow beyond $5-10m if it gets to that point?
Thank you so much for all your videos :D
Thank you so much Dalton!
Brilliant video. Thanks!
Can we can use this jargon in the application? Serious question, esp when talking about background etc. Thanks for your vids, ESPECIALLY the recently refreshed application vid: I’ve shared it widely to potential applicants.
Great vid!
You tha man Dalton
Thank you make some more videos like this knowledgeable.
Thanks Dalton
Valuable information
good video
Wish one day to be in Dalton's group partner team, need to work on it hard. Also before YC need to find angel investor to reduce my burn rate XD to avoid running out of money, anyway✌🏻
Please also define “Go-To-Market” and “know-how”
@@shiyaowu2881 Go-to-Market is a strategy of how you will make a new product or service available. Examples: bundle with an existing service to existing customers. Have a coordinated release, with media (ads) buy, across multiple platforms, pushed by influencers, from traditional or new media. Release in a limited market via retailers. Partner with a Value Added Reseller. Get into an existing catalog (still a thing). Get some retail shelf space (still a thing).
@@shiyaowu2881 Know How is an expression that refers to knowledge and or technique pertaining to the solution side of a customer situation. Example: “by applying a high temperature lubricant to the mold, we have a lower defect rate when injection molding the main component of the…”. 3M’s ability to make “permanently temporary” adhesive for Post-It’s is known how. Applying foam to an aircraft fires is know how. Including a couple extra cards in a deck of playing cards as both protection, spares for ad-hoc replacements, and, a catalog of other products, is known how.
Please sir make a video on marketing for startup
@@debojyotidhara3095 So many things to say! I recommend you look at “Positioning” videos here on TH-cam, which includes Validation.
Impressive 👍🏻
Great 👍
Why do this guys hands look like they have a mind of their own?
❤
awesome
Can TAM relate/linked with the ARR while mesuring ?
@@kanthwar TAM is a mythological metric of possibility, while ARR is a concrete measurement of what the company has NOW. I prefer MRR for measurement and tracking, and ARR for sizing.
you forgot about secondary market :)
Please add subtitles
Are you going to remove the video before I have time to watch it 😢? ...😅