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DR
Danae Ringelmann
05/06/17
@ Y Combinator
Your 'why' informs your entire strategy and execution, providing clear guidelines for how to operate your business.
Video
YC
Know Why You're Starting a Company - Danae Ringelmann of Indiegogo
@ Y Combinator
05/06/17
Related Takeaways
DR
Danae Ringelmann
10/15/14
@ Y Combinator
Your 'why' informs your entire strategy and execution, providing clear direction for your business.
DR
Danae Ringelmann
10/15/14
@ Y Combinator
Knowing your 'why' is crucial; it defines the problem you're solving and keeps you authentic, which is essential for success.
DR
Danae Ringelmann
10/15/14
@ Y Combinator
Your 'why' can guide you through challenges and help pivot your ideas; for instance, my original offline funding concept evolved into an online platform thanks to my co-founders' insights. Focusing on your 'why' helps you navigate through tough times in entrepreneurship, as it keeps you motivated to solve problems regardless of the challenges.
DR
Danae Ringelmann
10/15/14
@ Y Combinator
To clarify your 'why', use the '5 Whys' exercise: keep asking 'why' until you reach a fundamental belief that drives your mission.
DR
Danae Ringelmann
05/06/17
@ Y Combinator
Your 'why' will help you endure the tough times in entrepreneurship; without a powerful reason, you may not stick it out.
DR
Danae Ringelmann
10/15/14
@ Y Combinator
Your 'why' can also attract customers who resonate with your mission, leading to unexpected opportunities for ideas that might otherwise be overlooked.
DR
Danae Ringelmann
05/06/17
@ Y Combinator
To gain clarity on your 'why', use the '5 Whys' exercise: keep asking 'why' until you reach a core belief that drives your mission.
TK
Travis Kalanick
04/11/25
@ Peter H. Diamandis
Understanding your massive transformative purpose is crucial; it defines what motivates you and guides your business decisions.
DR
Danae Ringelmann
05/06/17
@ Y Combinator
Being clear about your 'why' helps you find the right co-founders who share your vision and passion.