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SA

Sam Altman

05/02/17

@ Y Combinator

If you're excited about a market but lack knowledge, you can either jump in and learn as you go or work in the industry for a while to gain experience.

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

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Mark Cuban

03/30/24

@ Lex Fridman

If starting a business is important to you, you'll save money and put in the work to learn about the industry to be prepared when you start.

YC

Y Combinator Cast

04/18/24

@ Y Combinator

If you have expertise, pushing yourself to innovate is beneficial; if you lack expertise, it's important to acknowledge that and learn as you go.

CL

Chandan Lodha

04/03/24

@ Y Combinator

When there's excitement in the market, we need to capture that excitement and use it to propel ourselves forward.

TX

Tony Xu

03/26/25

@ Y Combinator

To become an expert in a new field, like AI, the best approach is to dive in and do the work, as I did with logistics and delivery, which helped me gain a strong understanding of the industry.

YC

Y Combinator Cast

11/18/22

@ Y Combinator

Becoming an expert in a valuable field or working at a startup can help you notice good startup ideas, as you'll be more attuned to the needs and gaps in that area.

JR

Joshua Reeves

03/18/25

@ Y Combinator

Investors are generally excited about large markets with clear business models, and they often have hypotheses on how to capture those markets.

SA

Sam Altman

06/21/25

@ Y Combinator

The only advice I have for starting something big is to pick a market where there's potential for growth if your idea works. Beyond that, it's about taking one step at a time for a long time.

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Y Combinator Cast

01/03/17

@ Y Combinator

If you want to start a startup, you should just start now instead of waiting to become a domain expert. You can become an expert while working on your idea.

YC

Y Combinator Cast

04/18/24

@ Y Combinator

Building expertise is essential when starting a startup; you need to develop your knowledge rather than rely solely on existing expertise.