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MS

Michael Seibel

07/08/22

@ Y Combinator

Founders should be cautious about spending money before achieving product-market fit; it's essential to be disciplined with finances in the early stages.

Video

YC

Top Ways Startups Waste Money

@ Y Combinator

07/08/22

Related Takeaways

YC

Y Combinator Cast

05/07/22

@ Y Combinator

Founders often mistakenly believe that spending more money will help them achieve product-market fit faster, leading to frustration and distraction from their core objectives.

TB

Tikhon Bernstam

09/09/17

@ Y Combinator

As a repeat founder, I believe it's crucial to avoid raising money too early; focus on achieving strong product-market fit before seeking investment.

KN

Kirsty Nathoo

08/22/19

@ Y Combinator

In the early stages, it's important to be cautious with spending and have a plan to reach profitability, even if you're reinvesting revenue into growth.

YC

Y Combinator Cast

02/13/25

@ Y Combinator

The primary goal for early-stage startups should be to find product-market fit, and spending should be minimized until that is achieved.

YC

Y Combinator Cast

02/13/25

@ Y Combinator

It's crucial for founders to be honest with themselves about their spending and revenue expectations, as unrealistic assumptions can lead to financial failure.

EG

Elad Gil

10/18/18

@ Y Combinator

Founders should avoid distractions and prioritize whether people are buying their product and at what scale.

BF

Brad Flora

02/13/25

@ Y Combinator

Founders often overspend because they haven't realized that their product isn't what customers want yet, leading them to chase after growth without understanding their market.

GR

Geoff Ralston

12/15/20

@ Y Combinator

It's crucial for startups to think harder about achieving product-market fit and to be honest about whether they have it, especially in uncertain economic times.

MS

Michael Seibel

07/08/22

@ Y Combinator

As a founder, you should earn the right to spend money by first testing low-cost or no-cost solutions before scaling up expenditures.