How to Get Startup Ideas
Y Combinator
18 min, 44 sec
Jared, a partner at YC, discusses strategies for generating successful startup ideas.
Summary
- Explains common mistakes founders make when looking for startup ideas.
- Provides a formula for evaluating startup ideas and discusses filters that might prevent recognizing good ideas.
- Offers detailed recipes for generating startup ideas and ranks them from best to worst based on likelihood of success.
Chapter 1
Jared introduces the topic of getting startup ideas and why it's a tricky subject.
- The talk is aimed at those without a startup idea or who are unsure of their current idea.
- Although no one can predict with certainty which ideas will succeed, YC has identified trends in ideas that tend to do well.
Chapter 2
Jared outlines the most common mistakes people make when coming up with startup ideas.
- Mistake 1: Waiting for a 'brilliant' idea before starting anything.
- Mistake 2: Jumping into the first idea without critical consideration.
- Mistake 3: Starting with a solution rather than identifying a problem first.
- Mistake 4: Believing that startup ideas are scarce and hard to find.
Chapter 3
Jared presents a formula for evaluating the potential of startup ideas.
- Idea quality score formula evaluates ideas based on size, founder-market fit, certainty of solving a big problem, and new insights.
- Additional positive signs include making something you want and recent feasibility due to changes in the world.
- Discusses 'filters' that prevent good ideas from being recognized.
Chapter 4
Jared provides seven recipes for generating startup ideas.
- Recipe 1: Start with what your team is good at.
- Recipe 2: Think of things you wish existed for you.
- Recipe 3: Consider what you would be excited to work on for a long time.
- Recipe 4: Look for opportunities created by recent changes in the world.
- Recipe 5: Find new variants of recently successful companies.
- Recipe 6: Crowdsource problems from people with expertise.
- Recipe 7: Look for industries that seem broken and ripe for disruption.
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