The IO Podcast: Investor + Operator
How YC's Garry Tan Evaluates Startups | Episode 3 of the Investor + Operator Podcast
Sep 28, 2023
Garry Tan, President and CEO of YCombinator, shares valuable startup advice on cofounder dynamics, paying attention to competition, healing adverse childhood experiences, users lying until they pay, and the importance of founder culture in startups. He also talks about why SF is the best place for product-market fit and the hosts discuss their takeaways.
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Quick takeaways
- Creating a product that people actually want is crucial for startup success.
- Startups must have a huge market hypothesis and strive to be exceptional to avoid failure.
Deep dives
Importance of making something people actually want
One of the biggest lessons in office hours is the importance of creating a product that people actually want. This requires founders to have a relentless optimism and belief in their idea, but also a healthy skepticism until they see customers paying or experiencing pain. The focus is on identifying the key challenges and potential failures that can prevent a startup from gaining traction and finding strategies to address them.
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