Lecture 1 – How to Start a Startup (Sam Altman, Dustin Moskovitz)
Lecture Transcript: http://tech.genius.com/Sam-altman-lecture-1-how-to-start-a-startup-annotated
Sam Altman, President of Y Combinator, and Dustin Moskovitz, Cofounder of Facebook, Asana, and Good Ventures, kick off the How to Start a Startup Course. Sam covers the first 2 of the 4 Key Areas: Ideas, Products, Teams and Execution; and Dustin discusses Why to Start a Startup.
See the slides and readings at startupclass.samaltman.com/courses/lec01/
Discuss this lecture: https://startupclass.co/courses/how-to-start-a-startup/lectures/64030
Video Rating: 4 / 5
Chris’ interview was so incredible that we couldn’t contain it in just one episode, so today is only part one–you’ll have to check back soon for part two!
*Disclaimer: Chris has a potty mouth and we’ve attempted to bleep out all of his swear words. We apologize in advance if any snuck by our censors.
1:00 Welcome everyone! Today on TWiST we have Chris Sacca of Lowercase Capital.
2:30 Thank you to Hiscox for supporting the show. Everyone go to hiscoxusa.com/smallbiz to get a free quote online in less than 15 minutes.
5:00 Chris, welcome to the show.
6:15 What is it that you do on a daily basis?
9:15 Chris: There’s a lot of garbage getting funded today.
10:00 What does it mean to be a founder in your book?
12:15 Is fearlessness a good trait?
14:45 Has it become too easy to become a founder?
19:15 How did you wind up being an investor in companies like Facebook, Twitter and Uber?
20:00 Chris shares the story of how he found himself in a huge financial hole.
25:30 Thank you to Stamps.com for their support of the show! Everyone go to stamps.com and use the code TWIST for your free, 4-week trial.
28:15 Chris resumes his story of how he gambled and lost big.
29:45 What happens when people come to collect on the debt?
34:30 What was Speedera’s business?
35:00 How did you land at Google?
38:15 Chris: My first angel investment was in Photobucket.
40:00 Is it right that you once took over on the secondary market for most Twitter shares?
44:30 True or false: people in the Valley tend to be like “dude, I got you,”–until the money comes in.
47:45 Has VC behavior gotten better or worse in the last decade?
50:30 Tell me about Garrett Camp of Stumbleupon.
51:45 Twitter, some would say, is screwing over the developers that helped build it. What’s your take on that?
1:00:00 Are you slowing down on angel investing right now?
1:01:45 Chris reveals the existence of the fund Lowercase Stampede.
1:03:30 What gives you the ability to look at a new space with fresh eyes?
1:05:30 How did you get involved in Hollywood?
1:07:00 What do you think the impact of Kickstarter is on the entertainment business?
1:10:15 This concludes part one of Jason’s interview with Chris. Party two is coming soon–stay tuned!
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Video Rating: 4 / 5
About the Author: John McKerry
I had to stop lecture every few minutes, take a break and digest things
that were said. This lecture is like *firehose of startup advice :)*
3:10 .. What are the much easier ways to get rich ? :-)
Much of this is for mass consumer type business, not for SaaS.
It’s easy to say “follow your passion” if smth you are passionate about is
such a mainstream thing as programming. You can become a great founder with
a quite high net worth, and not worry the rest of your life about such
things as stress and constant panic about being laid off. It’s easy to say
that when you could afford to go to Harvard, then got into Google and was
making 6-figure income. But, damn, the world is much more complicated than
that, and many people want to be rich, but can’t easily find their passion,
and can’t afford to go to Stanford, and don’t have superbrains, and their
parents live their whole life under constant stress. Sorry, but this
“passion about an idea” just sounds too romantic for lots and lots of
people. Go to Ukraine now, for example, where the currency devalued 2 times
relative to dollar in half a year, and tell those people “just follow your
passion, or find an idea you are passionate about”. Ask them how many would
like to be financially independent while they have been living for 20 years
in constant stress and uncertainty, where bureaucrats are stealing buckets
of cash from taxpayers. Gosh, those people (taxpayers) would LOVE to get a
few million bucks in their bank account and just be like “f*ck it all”.
I know quite many people which are not passionate about their thing, but
they got quite rich doing it. So the advice that “you can’t succeed if you
are not passionate” is BS. I have a friend who won a national-level
chemistry olympiad and he does not even like chemistry. That is an
outstanding achievement, yet he doesn’t like the subject. There are
entrepreneurs who don’t particularly like it but are very successful. Gotta
filter some of the BS about passion, talent and passion are not the same
things. I know plenty of people which are very passionate about something,
yet they are not as good at it as talented ones but with no passion.
Video: How to Start a Startup:
Video: How to Start a Startup:
Habe mir mal die erste Lektion *des Stanford-Kurses „How to Start a
Startup“* angesehen und finde den ganz vielversprechend. Kann man gratis
online verfolgen. Hier mehr dazu:
https://medium.com/@jati/klicktipp-fur-startup-grunder-und-solche-die-es-werden-wollen-79914ea2954e
#YCombinator Tarafından hazırlanan “How to Start a Startup” serisinin ilk
dersi. İlginizi çekebilir diye düşünüyorum. Enteresan şeylerden
bahsediyorlar. Türkçe altyazısı da mevcut.
It is sad that this has 300k views while the last video has 15k. If you
read this: Please stay the course, there are very good advice in all of the
videos (except maybe the one with the chinese cleaning lady)
Video: How to Start a Startup:
Ever interested in starting a business?
The way he read the script is really annoyingggggggg
Insightful
*Video Series on How to Start a Startup*
*Lectures from YCombinators course. A must watch for startups*
This series has great presenters from prominent companies. It is a useful
resource for startups.
#startup #entrepreneur #startuptips #growthhacking
Awesome video!
Enjoyed your video!
I really loved your clip.
Dustin strikes me as a top class bloke through and through who totally and
utterly deserves to be a billionaire success story. I really value his
advice
Video: How to Start a Startup:
Video: How to Start a Startup:
Video: How to Start a Startup:
Thank you!! This is priceless!!!
Video: How to Start a Startup:
Video: How to Start a Startup:
Video: How to Start a Startup:
If you are an entrepreneur or work with start ups, then this incredible
with +Chris Sacca is a must watch.
I know it’s long, but it’s worth it.
via +This Week In Startups
#Startups #entrepreneurship
This is such an amazing talk. Especially starting in 20 min when Chris
started to talking about how he comes back from debts
Brilliant interview. Loving this.
Great interview! I’ve learned so much from this. My first time hearing +Chris
Sacca and he’s awesome. Very candid!
Jason’s tone on this is fantastic. He engaged Chris better than anyone else
and that is why this goes over 2 hours. Don’t miss this one! Watch both
parts. A+
This is the definition of authentic content! Great interview. Thanks.
There are tons of great interviews with really intelligent people. This
one however shows how one person went from being millions in debt to being
one of the best Venture Capitalist’s around. This interview can serve as a
case study to anyone looking to climb the ladder of success.
It highlights ways to think outside the box and how to will your way into
anything you want. It’s about hard work, being positive and never giving
up, no matter what. Enjoy!
This is part I ….watch it and part II as well
Nice info, really awesome vid
Watched this video with the crew at Cucumber yesterday. It’s old but a
winner. Check it out if you’re interested in startups, investing, or if you
are considering what to do with your student loan (Chris made 12 million
with his in 18 months).
I dig that that Sacca calls a spade, a spade…. it’s so frustrating to see
all these wacky ideas getting funding. Then again, perhaps I’m jealous
cause I’m not getting my shitty ideas funded 🙂
Has Chris’s 2nd fund ‘stampied’ I think pronounced got a website? TY around
1:01
Love it!! Great one
jason ur tha man people talk shit about u but ur the only one helping and
inspiring a lost generation thanks.
Wow just wow more please
thanks pal
Loved the show! Btw, Jason, I think your email newsletter needs more love.
I’d love to hear more from you in my inbox. Beats that 140 character
platform for birds, in my opinion.
Epic interview. Only thing that might top it is kimdotcom as someone
mentioned below. Please get him on Jason! Honestly an internet pioneer.
“Facebook is who you used to know, Twitter is who you want to know.”
Brilliant. Exceptional interview. One question: this is a show for adults.
Why does it have to be censored?
Haha, good stuff!
when is the part 2 coming out?
oh yes!! we need to get Kim on … love that guy
Amazing Story…. Loving the fact both you guys kept going and there is a
part 2!
Chris Sacca is an awesome guy – looking forward to watching this one!
thanks Ben…. Sacca was in rare form–except he’s always like that! :-p