Invest Like the Best with Patrick O'Shaughnessy Michael Seibel – Lessons from Thousands of Startups - [Invest Like the Best, EP.190]
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Sep 8, 2020 
Michael Seibel, Partner at Y Combinator and former CEO of Justin.tv and Socialcam, shares insights gained from reviewing thousands of startup applications. He discusses the evolving landscape of entrepreneurship, particularly post-COVID, and emphasizes the importance of adaptability and strong co-founder relationships. Michael delves into the significance of understanding customer dynamics and product-market fit, highlighting innovative approaches founders are taking to tackle social issues. His keen perspective makes for a thought-provoking conversation on the future of startups.
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Emerging Founder Trends
- Founders are increasingly concerned about their startups' societal impact, tackling challenges like healthcare and mass incarceration.
- B2B SaaS remains a dominant trend, with a rise in verticalized software for small businesses, and more international founders building local businesses.
Lasting Impact of COVID
- COVID's impact on businesses is lasting, pushing wholesale businesses to explore retail.
- Selling directly to consumers is "addictive" for wholesale businesses due to upfront payments.
Evaluating YC Applications
- When evaluating YC applications, prioritize the team's ability to build and launch, evidence of forward motion, and a strong co-founder relationship.
- Focus on trajectory and progress, not just starting position or the initial idea.