My First Million #60 - YC Demo Day Startups #2, Importing Foreign Innovations & Collaborative Copywriting
18 snips
Mar 30, 2020 The hosts discuss the impact of digital formats on YC Demo Day and spotlight innovative startups like EzeWholesale, which focuses on used phones. They address the curious trend of strippers turning to delivery driving and talk about Ditto, a collaborative copywriting tool. The discussion also dives into the unique education landscape in India and explores quirky delivery services. As they reveal fascinating market strategies, there's plenty of humor and insight on adapting business models to today's challenges.
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Frank Abagnale's Impersonations
- Frank Abagnale, the inspiration for "Catch Me If You Can," successfully impersonated various professionals.
- He leveraged fear and jargon to manipulate people's trust, making them believe his fabricated identities.
Persuasion Techniques
- Use the element of fear in persuasion, not through threats, but by subtly highlighting potential negative consequences for the other party if they don't comply.
- Learn the jargon of your target audience to build trust and credibility.
YC Demo Day Format Change
- YC Demo Day pitches are now shorter, using one slide and two paragraphs instead of one-minute presentations.
- This digital format resembles Tinder, allowing for more considered investor decisions.
