Tools

Search

Explore

Videos Channels Figures

Atmrix

About

Tools

Search

Explore

Videos Channels Figures

Atmrix

About

SA

Sam Altman

05/02/17

@ Y Combinator

When a startup is failing, it's important to communicate openly with investors and ensure that employees are not left in the dark.

Video

YC

Later Stage Advice with Sam Altman (How to Start a Startup 2014: Lecture 20)

@ Y Combinator

Later Stage Advice with Sam Altman (How to Start a Startup 2014: Lecture 20)

05/02/17

Related Takeaways

YC

Y Combinator Cast

02/13/25

@ Y Combinator

Many startups fail because they don't communicate effectively with their investors, leading to a lack of awareness about their financial status and spending mistakes.

AP

Avni Patel Thompson

01/31/19

@ Y Combinator

It's important to have conversations about the realities of startup failures, as they are part of the journey and can lead to valuable learning experiences for future endeavors.

YC

Y Combinator Cast

01/27/22

@ Y Combinator

Taking money from investors comes with accountability; if a startup fails to deliver, it can lead to lasting damage to the founder's reputation.

AP

Avni Patel Thompson

01/31/19

@ Y Combinator

When shutting down, it's important to communicate transparently with your team and users, ensuring they understand the situation and can find new opportunities.

YC

Y Combinator Cast

02/13/25

@ Y Combinator

Investors can help guide startups by encouraging transparency about financial metrics like runway and burn rate, which are essential for maintaining focus and discipline.

MS

Michael Seibel

02/24/23

@ Y Combinator

Good startup employees want honesty and transparency about the company's situation. They understand the challenges and want to know how they can contribute to improving outcomes.

EG

Elad Gil

10/18/18

@ Y Combinator

It's important for investors to challenge founders on their decisions, as this can lead to better outcomes and improvements in the startup's direction.

CL

Carolynn Levy

09/20/19

@ Y Combinator

Communication with investors is crucial, as they expect you to turn their investment into a successful business, and maintaining that relationship is key.

YC

Y Combinator Cast

02/24/15

@ Y Combinator

Exposure is essential for startups. Communicating regularly about your progress and challenges can be effective, even if you feel your product isn't perfect yet.