๐ Startup Wisdom from YC (with timestamps): 1๏ธโฃ (00:00) From reality show โ Twitch: Justin.tv started as a 24/7 livestream experiment. Investor pushback forced Seibel into the CEO role. 2๏ธโฃ (02:26) Technical bets matter. YCโs Paul Buchheit convinced them to build their own streaming infra, it made the product 10x cheaper. 3๏ธโฃ (03:32) Niching down works. Doubling down on gaming streams gave birth to Twitch. 4๏ธโฃ (04:06) Profit hacks saved them: autoplay video ads, banners on error pages, and region-based paywalls kept the company alive. 5๏ธโฃ (05:22) Even with traction, top VCs passed on Twitch. Lesson? Big investors miss big wins too. Amazon didnโt. 6๏ธโฃ (07:04) Work on what you care about for 2+ years. Be humble, test everything. User feedback > founder intuition. 7๏ธโฃ (08:19) After Twitchโs acquisition, Seibel joined YC. Heโs now worked with 700+ startups. What matters? Team, speed, relationships. 8๏ธโฃ (10:12) Software isnโt always the edge, especially in CPG and hardware. Ops and logistics can become your true moat. 9๏ธโฃ (11:35) Biggest founder risks? Fear and arrogance. Embrace discomfort, act fast, take asymmetric bets. ๐ (14:35) YC partners drop gold: โ Be excited (Paul Graham) โ Think bigger (Sam Altman) โ Focus on outliers (Power Law) YC isnโt just funding, itโs a product to make startups succeed. ๐ฅ Watch the full talk here ๐๐ผ Packed with real, raw lessons from someone who's lived both sides of the founder/investor table.
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