Y Combinator Startup Podcast
#28 - Prerequisites for Starting a Company - Phil Libin
Aug 23, 2017
Phil Libin, CEO of All Turtles, talks about the prerequisites for starting a company, including the importance of exceptional co-founders and assembling a talented team. He shares his experience merging companies and creating Evernote, as well as the pitfalls of being overly clever with company structure. He also discusses the desperation of securing an investment and the challenges and rewards of starting a company.
28:34
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Quick takeaways
- Having great co-founders is essential for startup success, as they provide support and guidance throughout the journey.
- Building a product that the founders are passionate about is crucial for attracting investors and creating a clear vision.
Deep dives
Importance of having great co-founders
One of the main lessons learned from the speaker's startup experiences is the importance of having great co-founders. These co-founders are described as brilliant, high energy individuals who are willing to work for free and become best friends for life. The speaker emphasizes the significance of cultivating such a group as early as possible, as they will be essential in navigating the challenges and successes throughout the startup journey. The speaker credits their own success to the fact that their core team of co-founders remained with them throughout multiple startup ventures, even in their current company Evernote.
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