Y Combinator Startup Podcast #143 - Startup School Week 2 Recap: Michael Seibel, Adora Cheung, and Ilya Volodarsky
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Sep 11, 2019 
Michael Seibel, CEO and partner at Y Combinator, discusses the essence of planning a Minimum Viable Product (MVP) and the importance of launching quickly to test market viability. Adora Cheung, YC partner and co-founder of Homejoy, dives into setting meaningful KPIs for startups, emphasizing the right metrics to track, such as active users versus revenue. Lastly, Ilya Volodarsky shares insights on establishing effective analytics systems to enhance growth and measure user retention, ensuring startups evolve based on data-driven decisions.
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Launch Quickly and Iterate
- Launch quickly and get your product in front of users, even if it's not perfect.
- Talk to your users, gather feedback, and iterate based on their needs.
Build a Lean MVP
- Build a lean MVP quickly with limited functionality, focusing on initial users' core needs.
- Don't try to solve every problem at once; start small and iterate.
Heavy MVPs
- If you're building something complex (e.g., biotech, hard tech), create a simple website as your initial MVP.
- This helps when talking to people and gives them something to refer to.