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SA

Sam Altman

08/30/18

@ Y Combinator

Founders need to have a sensible business model in mind, as being unable to answer how they will make money is a bad sign.

Video

YC

Sam Altman - How to Succeed with a Startup

@ Y Combinator

Sam Altman - How to Succeed with a Startup

08/30/18

Related Takeaways

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.

BF

Brad Flora

06/02/22

@ Y Combinator

Founders often mistakenly believe they have customers based on interest, but without revenue, they can't confirm the viability of their ideas.

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.

MS

Michael Seibel

05/07/22

@ Y Combinator

Founders should be proactive in making tough decisions to steer their startups towards profitability, rather than relying on external pressures or advice.

HI

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Analyzing the business model is essential for understanding how to achieve profitability and sustainability in a startup.

HI

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Most entrepreneurs mistakenly believe that having a breakthrough product alone will guarantee success, neglecting the importance of a solid business model.

QY

Qasar Younis

05/15/25

@ Uncapped with Jack Altman

It's essential for founders to recognize when they might be pursuing the wrong path, similar to climbers on a mountain who need to be aware of their direction.

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.

EM

Eric Migicovsky

10/13/18

@ Y Combinator

Founders need to be technically competent and understand that they may have to become salespeople to successfully market their products.