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SA

Sam Altman

05/02/17

@ Y Combinator

Creating a competitive environment is essential for securing favorable deal terms; if you don't have options, you may not get the best outcome.

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

JW

Jeff Weinstein

07/11/24

@ Lenny's Podcast

Building a strong relationship with competitors can lead to mutually beneficial outcomes. Open communication and collaboration can enhance the customer experience and drive innovation.

JL

Joe Lonsdale

04/12/25

@ Joe Lonsdale

In competitive industries, if you have good technology but the market forces aren't favorable, you're likely to fail.

GR

Geoff Ralston

02/07/18

@ Y Combinator

If you don't have deal flow, you'll end up taking the first opportunity that comes your way, which can lead to poor investment decisions.

HI

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

To gain a competitive advantage, identify where your competitors are vulnerable and leverage that to create a dual benefit for your business.

GR

Geoff Ralston

10/11/18

@ Y Combinator

Having multiple funding options strengthens your negotiation position; if you're the only one seeking investment, the investor holds more power.

JF

Jared Friedman

11/18/22

@ Y Combinator

Having competition is often a good sign for a startup idea, as it indicates that there is a market, but you need a new insight to compete effectively against entrenched players.

DC

Dalton Caldwell

03/07/18

@ Y Combinator

In discussions about competition, it's beneficial to ask founders how they plan to win against competitors rather than making them defensive about their market position.

YC

Y Combinator Cast

02/08/25

@ Y Combinator

Founders should not shy away from competitive spaces, as many successful companies have emerged from crowded markets.

DC

Dalton Caldwell

06/01/19

@ Y Combinator

Competing on price can be dangerous because it doesn't indicate whether your product is effective or solving a real problem for customers.