00:00 - What Makes The Top 10% Of Founders Different? 00:35 - Great founders execute 1:22 - Formidability 2:09 - Clear communication 3:40 - Internal motivation 4:52 - Note that "idea" is not on this list
@yipman214
4 жыл бұрын
Do you have a video about product execution?
@waterfoker8558
2 жыл бұрын
This is basically betting on best human "horse" in an unknown race
@gregorywitcher5618
Жыл бұрын
Under 200 comments yet over 1 million views. *tosses a comment to the algorithm* Hope this reached someone!
@stephenobelisomeday
4 жыл бұрын
Everything I heard Micheal Seibel, Y Combinator say and applied in my business from last year has worked. Not even 1 has failed.
@william.darrigo
4 жыл бұрын
To every other founder out there watching this video and chasing their dreams. Cheers!
@Alex-ll4xm
3 жыл бұрын
Cheers!
@ibrohimjohari8193
3 жыл бұрын
All the best everybody!
3 жыл бұрын
Cheers!
@ecosavingearth5858
2 жыл бұрын
Gracias
@jaredsteele113
2 жыл бұрын
Cheers william!
@AdeelKhan1
4 жыл бұрын
This is very timely for me. Thank you for sharing this super useful synthesis Michael Seibel.
@AmadTheMarketer
2 жыл бұрын
This guy is absolutely great.
@anuragatmakuri6282
4 жыл бұрын
Seeming Formidable is a by-product of consistency & perseverance. Maybe those would be the qualities :)
@mikewhit
2 жыл бұрын
I love the idea of explaining your business idea at the: * 5 year old level * grade school level * high school * college * masters * PhD It'd make a decent video tbh following the existing format you can KZitem
@rajinderyadav9250
4 жыл бұрын
Thank you YC for providing me the blue print to doing the startup correctly, SUS2019 was very helpful.
@snahhabu6162
2 жыл бұрын
Clarity, knowing why you do this start up, and why now? Why you are the one, and what is the business model, who will buy it. Clarity is important.
@nicolasp7043
4 жыл бұрын
Another great video! I will work hard to be in those top 10% founders.Thanks!
@kylek2794
4 жыл бұрын
A kind and humble assessment of key qualities. Thanks for sharing Michael.
@konosh93
2 жыл бұрын
This video was very encouraging! Thanks Michael!
@11219tt
4 жыл бұрын
One thing that nobody seems to talk about when it comes to starting a company is the personality of the founders. We still seem to skip over the fact that some people might not be able to successfully start a company due to certain personality traits or mental illnesses or life hurdles. For example, I have attempted to start many companies. And every time what gets in my way is what is being talked about in this video. But, it’s not because I’m lazy or that I give up too soon and don’t execute. The reason is, I suffer from social anxiety. So for me to network, execute, and continue forward is severely hindered by my inability to make partnerships or friendships with others. Any thoughts on this Y Combinator?????
@surya316
4 жыл бұрын
Well Said.
@11219tt
4 жыл бұрын
surya316 thanks
@Neonb88
4 жыл бұрын
It sounds like you're making an excuse. If you're gonna quit, just quit
@AdeelKhan1
4 жыл бұрын
Talk to your GP (general practitioner) and get a referral for a trained mental health practitioner. Talk to your GP and your trained mental health practitioner about exposure therapy in a controlled setting. Maybe you can look into creating a VR app that solves the pain that you (and others) feel? Overall, I'd encourage you to talk to a trained mental health practitioner consistently over a longer duration. Find a good therapist and stick with therapy. It may take a couple of years for Positive neuroplasticity to show results. But you will hit breakthroughs during this duration and you may notice the changes. I'd also change the story and try different strategies. This is from Tony Robbins and it's a highly effective method. You can turn the dial to what you are comfortable with. Feel free to ping me if you found this to be useful. Please note: This above is not medical advice.
@11219tt
4 жыл бұрын
Nathan Bendich sounds like you are insensitive and don’t understand the nature of anxiety......
@KlaasVictor
2 жыл бұрын
Thank you so much! I got to work on point 1 and 2. 😦
@simplypawly4500
Жыл бұрын
What’s your tip on nailing your business 1 liner?
@HowToCookVegetables
2 жыл бұрын
Industriousness + Presicion in Communication
@adityapathak8315
14 күн бұрын
Hey, can you teach this to Indian Investors?
@Brenosalv
2 жыл бұрын
Thank you
@Aramil4
4 жыл бұрын
Great content but can we talk about those arms? That looks to be some strongman/powerlifter level beef right there.
@0x0xDEADBEEF
3 жыл бұрын
I've never heard of 3 ideas turning into 6 so quickly XD
@mayurdugar03
4 жыл бұрын
Pretty cool!
@rubencanodiaz
4 жыл бұрын
thanks a lot
@Sara-wb2bs
Жыл бұрын
Ya, like Y combinators have an amazing track record (eye roll). They don't. Period.
@AdhikJoshi
4 жыл бұрын
Amit shah joined YC
@dougdewar5445
3 жыл бұрын
I don't know why people hash on the idea so much. Have fun executing a bad idea. There are lots of them.
@dougdewar5445
3 жыл бұрын
And TBH some business are 75 percent idea 25 percent execution.... other companies the other way around. If your business is real estate investing anyone can make a purchase - the idea is the hard part... with other businesses it is the other way around.
By this standard Elon Musk is a bad founder since he fails to execute in time and takes longer than expected to execute. Given limited resources, a person who always want to execute within ambitious time would choose something easy and never explore. Explore (something that may work) vs exploit (something that is very likely to work) tradeoff are basic problem all companies face. An executing founder would avoid exploring much since it is ripe with chances of failure to deliver. This would lead to different kind of startup. Instead of rate of delivering, its the rate and speed of learning that in my view most defines a would be successful startup. A person who always deliver in 2 weeks seems like doing nothing ambitious or complex. This person is less likely to learn something important. There are many business problems that are good with this approach but many are not.
@javierflip89
4 жыл бұрын
Elon is an amazing founder, of course is obvious he is bad for forecast; however, their companies always deliver what he promised, and we know he always miss the date he said. I feel Michael said that is more related to deliver at least some interaction independent of the field (Explore vs exploit). Is really hard to measure how good you learn, but one good measure is customer satisfaction and product/service traction.
@alderinerush
4 жыл бұрын
You got a point. Executing fast for simple stuff is easy but some execution needs it own time and it needs to marinate a little bit.
@1b0o0
4 жыл бұрын
Shishir Chandra the last statement is simply not true. If you spend one week thinking hard about a deep problem, and have the right team to execute fast, a two-week sprint can produce amazing results.
@shishirchoudhary1921
4 жыл бұрын
Álvaro Ybáñez could you give example of where you did this ? My view is, either you are trying to figure out things and hence moving slow (in terms of business outcomes), or you have figured out things and are basically executing on a well thought plan, hence moving fast. Early on you are likely to try something and realise that business observable outcome did not materialize, instead you have a lesson learnt. Maybe you learnt a business lesson, maybe something about user or maybe about technology or user experience. In any case, your optimistic estimate for a business observable outcome would be often wrong early on. Later you would become better and better at the domain, tech, users, ux etc. What i am trying to say is that the advice of hitting all estimate targets sound more like enterprise project manager work rather than an entrepreneur work.
@filipsalamon
4 жыл бұрын
I don't see his forecast as a problem. He might miss some crazy deadlines he put out there but he has always hit them sooner or later. It's easy to see it from others perspective but most of us have no idea what is it like to run a billion-dollar corporation. But we all do miss our deadlines from time to time. There are things outside your control that can easily delay your progress. But what matters is if you have done it. Which Elon always did.
@Acumen928
4 жыл бұрын
Basically no INTPs ALLOWED!
@jacky7878
2 жыл бұрын
1. Execute - Consistent ability to say what you are going to do, do it and learn from it. Never get stuck in the execution step. 2. Formidable - demand respect because you always execute 3. Clear Communication/Vision - articulate what they are working on to anyone 4. Internal Motivation - that they don't get too discouraged when things go wrong and stay motivated
@rudhisundar
4 жыл бұрын
Thank you, Amit Shah! Thank you a lot!!
@iamhammadnasir
4 жыл бұрын
Haha
@ronitmndl
4 жыл бұрын
Yeah the resemblance is uncanny
@avinashdwivedi2015
4 жыл бұрын
Lol
@shibilshibu
4 жыл бұрын
Who is amit shah here...???
@nivashkumar290
4 жыл бұрын
😊😊😊
@vkhang55
4 жыл бұрын
Michael Seibel never fails to deliver great and reliable advices.
@sommohapatra5221
4 жыл бұрын
Makes him pretty formidable
@musagumus2318
4 жыл бұрын
everybody fails
@vhg655
4 жыл бұрын
Spoiler: 1. Ability to execute 2. Formidable 3. Ability to clearly communicate what they working on Bonus: Internal motivation
@neurojitsu
4 жыл бұрын
Very clear thinking, explanation and insight. Thank you. On the execution one, I think there is a complication: one's judgment about the task you are saying you will do. It leaves me wondering about a follow-up question on this: how do these founders judge and then commit to these things? Egs: are they superior in judging their priorities, or more realistic in balancing 'can-do' tendencies, or are there other judgment qualities that you can point to? Or am I over-thinking this LOL? I am reminded of something Guy Kawasaki once said about the difference beteen corporate executives and entrepreneurs (I come from 20+ years corporate background, so I've struggled with the transition). He said if you give a new project to people, the execs will start formulating strategies and making plans. The entrepreneurs will think, what do I need to do next to move things forwards. And then they'll do that (and as you said, learn from it). Does this mindset difference between execs and entrepreneurs correlate in any way with the difference between the top 10% of founders and "the rest" in your experience? It's certainly something I'm still working on (and hopefully not thinking too much!)
@adhdoers8814
3 жыл бұрын
I'm gonna try to grade myself based on this video : 1- Execution : 8/10 2- Explaining what I do in 1 sentence: 5/10 3- Internal motivation: 10/10... Boy I've been failing for 4 years S.T.R.A.I.G.H.T my life is falling down because of my business, and I'm still going like I'm gonna make it tomorrow... Although, the business is finally paying off now after finding the product-market fit. Good luck to everyone!
@curlyfrys5279
3 жыл бұрын
awesome
@dogetothemoon1
3 жыл бұрын
Keep going.
@KlaasVictor
2 жыл бұрын
Nice!
@adhdoers8814
2 жыл бұрын
Update 8 months later : business is going well, I have 7 people working with me part time on different things and I’m able to pay for everyone with $5-8K/month revenue. ( started making that much since August, it’s December now ) When I wrote this comment I was at 200 to 500$/month :) Key lesson, build something that almost surely pays off in the future :D In the past 4 years I only looked for short term solutions. Hopefully someone will comment here again in an other 10 months, I’d love to keep documenting here 😂
@KlaasVictor
2 жыл бұрын
@@adhdoers8814 So inspired to read that! Well Done!! I hope to read from you in a few months!! Just out of curiosity, which market are you in? Enjoy the holidays 🎄 and keep going next year! Greetings from Belgium 🇧🇪
@h2energynow
4 жыл бұрын
Michael, thanks for the great feedback to the startup community. 1. Execute, 2. Formidability, 3. Communication, 4. Motivation.
@vokysugar7702
2 жыл бұрын
I have all except good communication. That is my weakness.
@jdavidson124
4 жыл бұрын
Great insight - I would add these qualities are found in the top 10% of employees too
@JousefM
4 жыл бұрын
Agreed!
@kurtcampher4716
4 жыл бұрын
True
@senamuku
3 жыл бұрын
Been binging so many of YC’s videos honestly amazing this amount value is available for free!
@leonorparis
Жыл бұрын
same here! im so grateful that i can get such valuable advice for free.
@jasoncheung8407
4 жыл бұрын
Context comes from making mistakes. Once you develop that context, that's when you'll start making decisions that end up being the right ones. Just my two cents.
@ozzyfromspace
4 жыл бұрын
Jason Cheung well said, buddy
@jasoncheung8407
4 жыл бұрын
Thanks, appreciate the kind words!
@khouse1554
4 жыл бұрын
YC get better Biotech reviewers who actually know their stuff please!
@lootyhaga5699
4 жыл бұрын
Man, I watch every one of these. One thing I would love to hear, is "why" from the Y comb leadership team. Running a business is a lot of work, and I'd love to know why they're doing this. Successful business owners always have amazing answers to this question.
@Aryankingz
4 жыл бұрын
Can someone execute consistently and not be perceived as formidable?
@samuelpeace5844
4 жыл бұрын
From this video I see my problem is Communication. That I'll work on more and more now. Thanks
@ajalanbrown2200
9 ай бұрын
Easy see you in 2025.
@wh264
4 жыл бұрын
Top 4 Skills for a TOP FOUNDER REC.F Relentless - Does not get deterred by mistakes or failures, not easily dissuaded Execution - will complete their goals in some way and learn from it Communication - Can communication what something is or they want to do concisely Formidability - Continuously gets things done and is respected by others for it (gets it for free when you have Execution)
@brian106699
3 жыл бұрын
This is one of the most important videos on KZitem. Simple, but powerful.
@snahhabu6162
2 жыл бұрын
If you have the drive, execution, formidability, communication and passion will follow, I think. So Drive with clarity can be the key.
@John-3692
7 ай бұрын
I'm infatuated with this. I had the pleasure of reading something similar, and I was completely infatuated. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
@BigHogEntertainment
Жыл бұрын
Internal motivation… you mean perseverance and determination? 🤨
@HabibaKhatun-j5l
18 күн бұрын
Lewis Sandra Martin Sharon Clark Jose
@IshanSharmapopper
Жыл бұрын
Are amit shah ji ye kis line Mai agaye
@tcsiwula
4 жыл бұрын
Communications!
@manjunathdevadas1817
2 ай бұрын
Great 4 points Michael
@rishav4343
4 жыл бұрын
Amit shah?
@sugampratap9886
4 жыл бұрын
😂😂😂😂😂same thoughts
@haribo123ism
4 жыл бұрын
I was searching for this comment xD
@datacenteredleadership9400
3 жыл бұрын
Wow follow-through and execution are so important.
@Allen1029
4 жыл бұрын
That shirt looks f*cking comfortable. Nice fabric, sweet cut, great color.
@qasimzia1285
7 ай бұрын
Thanks for this
@crazieeez
2 ай бұрын
Good advice
@Latif28
Жыл бұрын
I’ll be there.
@StreamAgency
2 жыл бұрын
LET ME IN!
@santhoshkarate1
2 жыл бұрын
I have only 1 question. I appreciate if you take only 1 minute and answer. 1. I have a an idea of decade. And I don't have MVP. For developing MVP make take minimum 6 months. Do Y COMBINATOR FUND FOR IDEA? OR WE SHOULD HAVE MVP?
@waterfoker8558
2 жыл бұрын
Make Something People Want. Make People Want Something.
@smallbeetube
Жыл бұрын
Completely agree with you about "idea", want to reference a Chinese story "The Little Horse Crosses the River" for that, the idea is strongly tied to capability.
@WalshStrategy
2 жыл бұрын
Still great info. So glad Y Combinator YT channel exists. Wish I found this sooner.
@mathematicsforyoungerpeopl9872
2 жыл бұрын
How can I get funding from y combinator for my start up please let me know...I'm here sitting at my home n have done to some extent a great level of thinking n reached a solution for a problem ..
@jimihendrixx11
4 жыл бұрын
Thanks Michael
@mreese8764
4 жыл бұрын
0. Have enough money to get the required b traction for raising your first round for your Startup around your idea. Money. Helps. A. Lot.
@martinstine
Жыл бұрын
Thank you very much Michael. Great on YC.
@LifeTailored
4 жыл бұрын
Michael, I’d love your take on how transparent founders should be. Admitting we made a mistake and learning from it is how we improve, but can it backfire and make us come across as negative or unconfident?
@saketaryan2227
2 жыл бұрын
But acceptance rate of startups at YC is just 1.5 percent!
@hurric4n3ike
Жыл бұрын
Preciate it💪🏽
@buchbakhsh
Жыл бұрын
Well stated and explained! Simply fantastic!
@MostCommentsAreFake-ud8by
4 жыл бұрын
Thanks for the insight.
@supersonic2101
4 жыл бұрын
Thank you so much. I am weak at first three quality. Does that mean i will fail? I am highly motivated. Is there anyway, tips to improve myself?
@yashbheda3335
4 жыл бұрын
Thankyou Amit Shah , very informative
@Sumitkumar-oc8pm
2 жыл бұрын
He looks like amit shah
@nickssonswiss
3 жыл бұрын
Thank you - being in a completely different industry, can confirm that these suggestions still stand
@igordzivulsky4790
2 жыл бұрын
Excellent advice.
@intrapg
3 жыл бұрын
🙏🏽 Thank you so much
@andreasv9472
3 жыл бұрын
Thanks a lot! Integrating this to my self-evaluation as top priority👍Need to improve on the communication part. Doing pitch exercises daily now, and talk to more people to practice the pitch and get feedback.
@timrichardson518
4 жыл бұрын
I need to work on my communication
@georgemwendwa4975
4 жыл бұрын
“I returned, and saw under the sun, that the race is not to the swift, not the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all. FROM THE WISEST MAN THE EARTH HAS EVER BEHELD! (net worth: $2 trillion)
@georgemwendwa4975
4 жыл бұрын
Just to elaborate on the saying above, In the days of Mark Zuckerberg, is it that there weren't experienced tech founders who were Perfect executors and communicators having all the best traits to create FB? If Mark happened to be residing in a different dormitory or maybe schooling somewhere else like MIT, would he still be the founder of FB?
@edgy4925
4 жыл бұрын
Great points Michael. I personally definitely struggle with execution/iterate too much. I know for that matter that I’m definitely not gonna make day to day operation decisions, but rather lead the marketing efforts to the outside. Communication and esp. trust is my strength, which is crucial in our business.
@saidbendhiafkhiri9827
4 жыл бұрын
wow amazing content. Thank you so much for sharing this I have learned a lot.
@bytebits8806
3 жыл бұрын
Luck
@jeeyoona
4 жыл бұрын
This is highly inspiring! Thank you for these messages! 💪💪💪
@garrettlovetv
4 жыл бұрын
Great video!
@MagnusAnand
4 жыл бұрын
All your videos are gold
@romancandlefight1144
Жыл бұрын
It's all my worst nightmare. I always have ideas and rarely feel like slaving away on them alone
@akshayghadage4883
4 жыл бұрын
Thanks Amit 👍🏼👍🏼
@burtonlee22
4 жыл бұрын
This is excellent Michael, thank you
@krissimpson349
3 жыл бұрын
👍🏽 👍🏽
@niteshsingh8296
3 жыл бұрын
Amit Shah😃🤣
@ericman3234
4 жыл бұрын
Great vid
@yossimolcho841
4 жыл бұрын
Thanks!
@hanchisun6164
Жыл бұрын
Top 10% founder is still gonna fail right? A better question is what differentiates the 0.1% founders?
@PhilJeudy
4 жыл бұрын
Know how to use social media to sell your company also?
@webdevelopmentwithxtina1679
3 жыл бұрын
Completely agree with executability. That is what I admire most about my co-founder (he gets $*1+ done).
@jeffkey4745
Жыл бұрын
“Intimidating, but not in a bad way.” Haha. Gross. Thank God I don’t live in some pretend universe where intimidation isn’t something I strive to bring to the world.
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