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YC

Y Combinator Cast

02/03/22

@ Y Combinator

It's free and takes little time to research past companies that have failed in your area, yet many founders neglect to do this basic research before pursuing their ideas.

Video

How To Change The World? Get The Small Things Right – Dalton Caldwell and Michael Seibel

@ Y Combinator

How To Change The World? Get The Small Things Right – Dalton Caldwell and Michael Seibel

02/03/22

Related Takeaways

Y Combinator Cast

02/03/22

@ Y Combinator

Founders may avoid researching their ideas because they fear that learning about past failures will dampen their enthusiasm for their own projects.

Y Combinator Cast

02/03/22

@ Y Combinator

Young founders often lack historical knowledge about previous companies in their field, leading them to mistakenly believe that if they haven't heard of a similar company, it hasn't existed.

Garry Tan

06/08/23

@ Y Combinator

It's crucial for founders to understand the 'idea maze'—the history of what has been tried before them—to avoid repeating past mistakes.

Y Combinator Cast

02/03/22

@ Y Combinator

Asking friends for advice is often less effective than conducting your own research, especially for young founders who may share similar limited experiences.

Y Combinator Cast

02/03/22

@ Y Combinator

During the dot-com bubble, many ideas were tried and failed, so it's crucial to investigate whether your startup idea has been attempted before and learn from those experiences.

Elad Gil

10/18/18

@ Y Combinator

Startups often fail because they pursue markets that have been tried many times before without understanding why they failed previously.

Elizabeth Iorns

10/03/18

@ Y Combinator

Biotech founders often make the mistake of not conducting the essential experiments needed to validate their ideas, fearing that failure could jeopardize their startups.

Y Combinator Cast

03/01/24

@ Y Combinator

When starting a company, it's crucial to validate your idea rigorously rather than relying on superficial methods like cold emailing a large number of people.

Y Combinator Cast

07/22/23

@ Y Combinator

It's crucial for Founders to validate their ideas quickly to avoid wasting time on concepts that don't resonate with users.