Harj Taggar - Choosing a Startup to Work At
Y Combinator
4 min, 57 sec
A detailed guide on selecting a startup for employment, focusing on assessing one's fit for startup culture, evaluating the company's success, team, and user engagement.
Summary
- Assess if working at a startup aligns with your personal and professional goals, considering the trade-offs like lower pay and more work.
- Evaluate the startup's success by looking at growth metrics rather than current status, with an emphasis on user numbers and revenue growth.
- Consider the startup's team, especially the founders, based on their achievements and potential rather than traditional credentials.
- Look for a passionate user base regardless of size; deep user engagement with the product is a positive indicator of the startup's potential.
Chapter 1
Harj, a Y Combinator partner, introduces the considerations for working at startups and discusses Paul Buccheit's perspective on choosing between startups and stable companies.
- Understand that working at a startup is unique and not for everyone; it often means less pay and more work.
- Consider personal contentment and desire for change before deciding to work at a startup.
- Paul Buccheit advises against moving to a startup if the trade-offs of lower pay and longer hours are unappealing.
Chapter 2
Harj explains how to assess a startup's potential success by considering its growth trajectory, user engagement, and the depth of passion users have for the product.
- Look for signs that the startup is already on a path to success, such as increasing user numbers and revenue growth.
- Focus on the growth trajectory rather than the absolute numbers to gauge potential success.
- Identify startups where users are deeply passionate about the product, even if it's a small group.
Chapter 3
The importance of being impressed by the startup's founders and team is emphasized, valuing their achievements over traditional credentials.
- Evaluate the founders and the team they have built; be impressed by their achievements and potential.
- Look for founders with unconventional backgrounds who have demonstrated exceptional achievement compared to peers.
- Evaluate founders based on their relative success and the unique traits that make them likely to build an extraordinary company.
Chapter 4
Harj advises against evaluating the size of the market a startup is in and instead suggests looking for a passionate core user base as a sign of a promising startup.
- Avoid trying to evaluate the size of the market the startup is in; many investors miss out on great opportunities with this approach.
- Seek startups with a core group of early users who are fanatical about the product, like Airbnb had in its early days.
- Talking to users and gauging their love for the product can be a strong indicator of a startup's potential.
More Y Combinator summaries
How to Build An MVP | Startup School
Y Combinator
The video provides a comprehensive guide on how to build a Minimum Viable Product (MVP), emphasizing the importance of launching quickly, iterating based on user feedback, and focusing on truly valuable features.
Running Your Company by Patrick Collison
Y Combinator
A detailed interview with Patrick Collison, CEO of Stripe, discussing the company's history, scaling, and future.
Most Important Lifestyle Habits Of Successful Founders
Y Combinator
An in-depth discussion on handling setbacks in startups, focusing on prevention and recovery strategies.
Startup Business Models and Pricing | Startup School
Y Combinator
A comprehensive guide on business models and pricing strategies for startups, featuring key insights from Y Combinator's successful companies.
Understanding SAFEs and Priced Equity Rounds by Kirsty Nathoo
Y Combinator
A detailed overview of financing instruments for startups, focusing on the importance of understanding dilution.
Co-Founder Mistakes That Kill Companies & How To Avoid Them
Y Combinator
The video discusses the critical role of a co-founder in a startup's success and the common pitfalls to avoid when selecting one.