How to Create Affordable Medical Devices for Subsaher in Africa?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

If i was to re do this, we'd come out to we create affordable medical devices for subsaher in africa. Some people are going to be very squeamish about this. A lot of founders are worried. It's like you're putting me box. Man. My business is complex. And a lot of things make me great. I want to tell you all of them. You don't have time. As an investor, there is no investor that thinks any business is like simple and easy from the default. So you shouldn't be worried that i'm going to think something small of it. Once i get to this, then i'll start asking the other questions.

We've cut down the eighth week of lectures to be even shorter and combined them into one podcast.

First a lecture from Adora Cheung. Adora’s a partner at YC. Her lecture covers how to prioritize your time.

Then a lecture from Kevin Hale. Kevin is also a partner at YC. His lecture is the second part of his talk on how to evaluate startup ideas.

Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year.

Learn more about YC and apply for funding here: https://www.ycombinator.com/apply/

***

Topics

00:00 - Intro

00:32 - Adora Cheung - How to Prioritize Your Time

2:12 - Real vs fake progress

4:10 - How to determine if you're prioritizing the right tasks

4:42 - Keep a spreadsheet of ideas related to moving your primary KPI

7:32 - Grade the new and old ideas once a week based on potential impact

9:52 - Consider the complexity of each task

11:32 - Don't try to do everything at once

11:52 - How do I know I'm prioritizing my time well?

13:42 - What if I can't complete my tasks in time?

14:02 - Maker's Schedule, Manager's Schedule

15:32 - Moving fast

16:47 - Kevin Hale - How to Evaluate Startup Ideas Pt. 2

18:52 - How to apply to Y Combinator

20:17 - As a YC partner, you don't need to sell me

21:12 - Can I understand the idea? Am I excited by it? Do I like the team and want to work with them?

21:47 - How do I describe my company in a very efficient manner?

22:52 - Making your idea legible

25:12 - Things to avoid when describing your company

27:34 - Be conversational

28:02 - Avoid jargon, no preamble, and be reproducible

28:47 - Nouns: what are you making, what is the problem, and who is the customer

32:47 - Using the X for Y formula of explaining your startup

36:57 - Be concise without leaving out the key nouns

40:47 - How to adjust a description