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SA

Sam Altman

08/30/18

@ Y Combinator

A competitive advantage is essential for startups, and founders should have a clear plan for how to achieve it over time.

Video

YC

Sam Altman - How to Succeed with a Startup

@ Y Combinator

Sam Altman - How to Succeed with a Startup

08/30/18

Related Takeaways

KH

Kevin Hale

09/13/19

@ Y Combinator

Your startup should have a unique aspect or unfair advantage that demonstrates why it will grow faster than competitors.

HI

Harvard Innovation Labs Cast

06/12/13

@ Harvard Innovation Labs

In a startup, the only advantage you have is time, so you must move quickly to capitalize on your ideas before established competitors.

KH

Kevin Hale

07/26/19

@ Y Combinator

Your startup's unfair advantage is essential for attracting investors. It should explain why your company will grow faster than competitors, and it must be related to growth potential.

EM

Eric Migicovsky

10/13/18

@ Y Combinator

Building a great product is the most effective way to create a competitive advantage, rather than relying on patents, which are rarely successful for startups.

PB

Paul Buchheit

03/07/18

@ Y Combinator

Investors should be cautious of founders who have easy backup plans; true commitment is essential for startup success.

YC

Y Combinator Cast

07/22/23

@ Y Combinator

The experience of Founders is critical in determining the success of a startup, as they can adapt and pivot effectively based on their excitement and suitability for the idea.

PB

Paul Buchheit

07/17/19

@ Y Combinator

Being absolutely 100% focused on your startup's mission is a significant advantage over larger companies, which often juggle multiple priorities.

JL

Jessica Livingston

10/25/13

@ Y Combinator

Understanding the difficulties of startups early on can help founders better prepare for the challenges they will face as they encounter various obstacles.

PB

Paul Buchheit

07/31/14

@ Y Combinator

While immediate and actionable plans are critical for startups, maintaining a meaningful and inspiring vision is equally important.