The Official SaaStr Podcast: SaaS | Founders | Investors SaaStr 488: The Essential Startup Advice for Founders with Y Combinator's Managing Director and Group Partner, Michael Seibel
Oct 22, 2021
Michael Seibel, Managing Director at Y Combinator, brings invaluable insights from his experience advising startups. He stresses the importance of launching products quickly while balancing quality to avoid pitfalls. Seibel emphasizes understanding customer needs through early feedback and engaging directly with users. He also discusses the misconceptions around company valuations and the dangers of premature scaling, urging founders to target ideal customers for sustainable growth.
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Launch Now
- Launch your product early and often to test assumptions.
- Iterate based on customer feedback, not just your initial vision.
Build What People Want
- Build products that genuinely serve customer needs, not just your artistic vision.
- Iterate based on user feedback, like Steve Jobs did with the iPhone.
Do Things That Don't Scale
- Focus on doing things that don't scale initially to gain an advantage over incumbents.
- Directly interact with early customers, putting them in WhatsApp groups for quick feedback and iteration.