Michael Sible argues that there are certain people who are best suited to work on startups, as they have to take personal responsibility for failure.
He also argues that the odds of success for startups are low, but that this is a challenge that is worth taking on.
Michael Seibel is a partner and the CEO of YC. He cofounded Justin.tv, which was in the winter 2007 batch and Socialcam, which was in the winter 2012 batch.
2:00 - Three types of people: people highly motivated when working for themselves, people that could succeed starting a startup or within a big company, and people that could succeed within a big company.
6:00 - How do you decide what type of person you are?
7:30 - Identify bias in advice givers
10:30 - Peer advice becomes less valuable during college