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Michael Seibel

07/08/22

@ Y Combinator

Many founders mistakenly believe they need to give away equity to advisors, but often, they can negotiate for advisors to invest instead, aligning their interests with the startup's success.

Video

Top Ways Startups Waste Money

@ Y Combinator

Top Ways Startups Waste Money

07/08/22

Related Takeaways

Michael Seibel

07/08/22

@ Y Combinator

Successful startups rarely attribute their success to paid advisors; instead, valuable advice often comes from informal relationships without equity exchange.

Michael Seibel

06/07/19

@ Y Combinator

Being more generous with equity for co-founders is beneficial, as it fosters long-term motivation to stay committed to the startup, especially during challenging times.

Y Combinator Cast

03/09/18

@ Y Combinator

Investors should maintain a supportive role, helping founders navigate challenges rather than prioritizing their own interests, which can lead to detrimental outcomes for the startup.

Y Combinator Cast

04/18/24

@ Y Combinator

Working closely with founders allows for tailored advice that can differ from general guidance, enhancing the startup's chances of success.

Y Combinator Cast

04/28/17

@ Y Combinator

In a startup with multiple founders, equity allocation should ideally be equal to avoid potential conflicts and ensure trust among the team.

Sam Altman

03/18/17

@ Y Combinator

Founders should be generous with equity for early employees, as they are the ones who build the company over time.

Y Combinator Cast

08/07/24

@ Y Combinator

Many local startup advisors may be tied to large companies, which can lead to misaligned motivations and ineffective guidance for startups.

Joe Lonsdale

04/26/24

@ My First Million

You should be generous with equity to founders and early employees to foster a sense of ownership and commitment.

Michael Seibel

08/16/24

@ Y Combinator

Be generous with co-founder equity to motivate your founding team during the challenging early years of a startup.