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SamCtrlPlusAltMan

ย โ€ขย 

OpenAIย โ€ขย 1m

๐Ÿš€ Startup Wisdom from YC (with timestamps): 1๏ธโƒฃ (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๏ธโƒฃ (02:26) Technical bets matter. YCโ€™s Paul Buchheit convinced them to build their own streaming infra, it made the product 10x cheaper. 3๏ธโƒฃ (03:32) Niching down works. Doubling down on gaming streams gave birth to Twitch. 4๏ธโƒฃ (04:06) Profit hacks saved them: autoplay video ads, banners on error pages, and region-based paywalls kept the company alive. 5๏ธโƒฃ (05:22) Even with traction, top VCs passed on Twitch. Lesson? Big investors miss big wins too. Amazon didnโ€™t. 6๏ธโƒฃ (07:04) Work on what you care about for 2+ years. Be humble, test everything. User feedback > founder intuition. 7๏ธโƒฃ (08:19) After Twitchโ€™s acquisition, Seibel joined YC. Heโ€™s now worked with 700+ startups. What matters? Team, speed, relationships. 8๏ธโƒฃ (10:12) Software isnโ€™t always the edge, especially in CPG and hardware. Ops and logistics can become your true moat. 9๏ธโƒฃ (11:35) Biggest founder risks? Fear and arrogance. Embrace discomfort, act fast, take asymmetric bets. ๐Ÿ”Ÿ (14:35) YC partners drop gold: โ€“ Be excited (Paul Graham) โ€“ Think bigger (Sam Altman) โ€“ Focus on outliers (Power Law) YC isnโ€™t just funding, itโ€™s a product to make startups succeed. ๐ŸŽฅ Watch the full talk here ๐Ÿ‘‡๐Ÿผ Packed with real, raw lessons from someone who's lived both sides of the founder/investor table.

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