We've cut down the second week of lectures to be even shorter and combined them into one podcast.
First, a lecture from Michael Seibel. Michael is CEO and a partner at YC. His lecture is about How to Plan an MVP.
Then, a lecture from Adora Cheung. Adora is a YC partner and a cofounder of Homejoy. Her lecture is about How to Set KPIs and Goals.
Last, a lecture from Ilya Volodarsky. Ilya is a cofounder of Segment. His lecture is about Analytics for Startups.
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/
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Topics
00:00 - Intro
00:43 - Michael Seibel - How to Plan an MVP
1:25 - The goal of a pre-launch startup
3:10 - Iterating vs pivoting
3:59 - Lean MVP
5:06 - Heavy MVP
6:19 - Launching
7:35 - Learning is easier with an MVP
8:07 - How to build an MVP quickly
10:17 - Adora Cheung - How to Set KPIs and Goals
11:51 - What are the right KPIs to set?
15:50 - Revenue or active users
16:28 - Why choose active users?
18:55 - Biotech or hardtech KPIs
20:25 - Secondary metric
21:25 - What if you haven't launched?
22:20 - Setting goals
23:47 - How fast should you grow?
25:13 - Defining your own goals
28:40 - Tracking progress
30:27 - Ilya Volodarsky - Analytics for Startups
30:46 - Why analytics?
31:36 - Funnel
32:51 - Collecting data, analytics, and data flow
34:16 - Metric - Signups per week
35:28 - Metric - Retention cohorts
36:30 - Which metric to pick?
36:57 - Have I reached product market fit?
37:27 - Metric - Revenue
37:51 - Dashboards
38:35 - Advisor updates
39:01 - The startup stack
42:13 - Recommendations for the MVP process
