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Y Combinator Cast

04/12/24

@ Y Combinator

Even if you're not a natural fundraiser like Elon Musk, you can still build a successful hard tech company by thinking like a software company and surrounding yourself with the right people.

Video

Inside The Hard Tech Startups Turning Sci-Fi Into Reality

@ Y Combinator

Inside The Hard Tech Startups Turning Sci-Fi Into Reality

04/12/24

Related Takeaways

Y Combinator Cast

10/31/24

@ Y Combinator

You don't need to be Elon Musk to start a hard tech company; with domain experience, a great co-founder, a scrappy mindset, and perseverance, regular people can launch hard tech companies too.

Y Combinator Cast

04/12/24

@ Y Combinator

You don't need to be a billionaire or have multiple exits to succeed in hard tech; being smart and surrounding yourself with capable individuals is key.

Y Combinator Cast

04/12/24

@ Y Combinator

Unlike software companies, hard tech founders often have a concrete vision of the future that they need to prove before running out of resources.

Y Combinator Cast

04/12/24

@ Y Combinator

Once hard tech founders shift their mindset to focus on quick, cost-effective progress, they often find success in attracting investment.

Jared Friedman

09/20/19

@ Y Combinator

Most hard-tech companies will need to raise money from investors, so it's crucial to develop a smart fundraising plan that breaks down the total amount needed into smaller, achievable milestones.

Y Combinator Cast

10/31/24

@ Y Combinator

The misconception that you need to be a billionaire or raise tons of money to start a hard tech company is false; companies like Astranis prove that it's possible to start with limited resources.

Y Combinator Cast

04/12/24

@ Y Combinator

Running a hard tech company can be easier in terms of attracting interest and investment compared to traditional startups, as ambitious projects often rally support from various stakeholders.

Y Combinator Cast

04/12/24

@ Y Combinator

A successful strategy for hard tech founders is to present timelines that show how they can achieve results faster and cheaper than traditional companies.

Y Combinator Cast

04/12/24

@ Y Combinator

If hard tech founders can establish a habit of operating efficiently during Y Combinator, it can lead to long-term success in their ventures.