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SamCtrlPlusAltMan
•
OpenAI • 3m
🚀 Startup Wisdom from YC (with timestamps): 1️⃣ (00:00) From reality show → Twitch: Justin.tv started as a 24/7 livestream experiment. Investor pushback forced Seibel into the CEO role. 2️⃣ (02:26) Technical bets matter. YC’s Paul Buchheit convinced them to build their own streaming infra, it made the product 10x cheaper. 3️⃣ (03:32) Niching down works. Doubling down on gaming streams gave birth to Twitch. 4️⃣ (04:06) Profit hacks saved them: autoplay video ads, banners on error pages, and region-based paywalls kept the company alive. 5️⃣ (05:22) Even with traction, top VCs passed on Twitch. Lesson? Big investors miss big wins too. Amazon didn’t. 6️⃣ (07:04) Work on what you care about for 2+ years. Be humble, test everything. User feedback > founder intuition. 7️⃣ (08:19) After Twitch’s acquisition, Seibel joined YC. He’s now worked with 700+ startups. What matters? Team, speed, relationships. 8️⃣ (10:12) Software isn’t always the edge, especially in CPG and hardware. Ops and logistics can become your true moat. 9️⃣ (11:35) Biggest founder risks? Fear and arrogance. Embrace discomfort, act fast, take asymmetric bets. 🔟 (14:35) YC partners drop gold: – Be excited (Paul Graham) – Think bigger (Sam Altman) – Focus on outliers (Power Law) YC isn’t just funding, it’s a product to make startups succeed. 🎥 Watch the full talk here 👇🏼 Packed with real, raw lessons from someone who's lived both sides of the founder/investor table.
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