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JL

Jessica Livingston

06/27/24

@ Lenny's Podcast

Having deep domain expertise is crucial for founders, as it often leads to fewer pivots and a better understanding of the problems they are solving.

Video

LP

The social radar: Y Combinator’s secret weapon | Jessica Livingston (co-founder of YC, author)

@ Lenny's Podcast

The social radar: Y Combinator’s secret weapon | Jessica Livingston (co-founder of YC, author)

06/27/24

Related Takeaways

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Y Combinator Cast

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I look for founders who have known each other for a while and are solving a problem they personally face, as being a domain expert is crucial for success.

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Being a domain expert who identifies a problem and has a solution indicates passion and drive, which are essential for long-term commitment to a startup.

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Paul Graham

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The key to success in startups is domain expertise, which comes from genuine interest rather than ulterior motives.

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Reid Hoffman

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To identify great founders, it's crucial to understand their mindset and how they navigate the unique challenges of their domain.

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When pivoting, founders should consider their areas of expertise, as this can lead to more viable startup ideas that align with their unique skills and experiences.

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Garry Tan

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It's essential for founders to engage deeply with design candidates, especially if they have spent significant time solving related problems themselves.

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Garry Tan

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Recent pivots in startups often involve founders shifting from ideas they think they should pursue to those they know intimately, leading to more successful outcomes.

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Tyler Bosmeny

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Founders have unique advantages in sales: passion for their product and deep industry expertise.

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Successful founders often have unique insights from direct experience in their industry, which can lead to innovative solutions that investors might overlook.