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Y Combinator Startup Class #1 : Why to Start a Startup

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Slide utilisé dans le cours n°1 de la Y Combinator Startup Class de Standford (http://startupclass.samaltman.com/) donné par Dustin Moskovitz.

Publiée sur slideshare pour pouvoir être intégrée à l'article http://startupeers.co/y-combinator-startup-class-1-how-and-why-to-start-startup

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Y Combinator Startup Class #1 : Why to Start a Startup

  1. September 23, 2014 SO YOU THINK YOU WANT TO BE AN ENTREPRENEUR? CS 183B: Dustin Moskovitz 1
  2. Outline • Common Reasons to Become a Tech Entrepreneur • It’s Glamorous • You’ll be the Boss • Flexibility • You’ll Make More $$$ & Have More Impact • The Best Reason • Recommended Reading • Questions/Comments CS 183B: Dustin Moskovitz 2
  3. It’s Glamorous CS 183B: Dustin Moskovitz
  4. What the Media Thinks It’s Like CS 183B: Dustin Moskovitz 4
  5. What It’s Actually Like CS 183B: Dustin Moskovitz 5
  6. What the Media Thinks It’s Like CS 183B: Dustin Moskovitz 6
  7. What It’s Actually Like CS 183B: Dustin Moskovitz 7
  8. The Ugly Side of Being a Founder Stress • Responsibility: your team bet the best years of their life on you • You’re always on call • Fundraising Unwanted media attention You’re more committed (-> less option value) CS 183B: Dustin Moskovitz 8
  9. You’ll be the Boss CS 183B: Dustin Moskovitz
  10. ! “People have this vision of being the CEO of a company they started and being on top of the pyramid… What it’s really like: everyone else is your boss – all of your employees, customers, partners, users, media are your boss. I’ve never had more bosses and needed to account for more people today. The life of most CEOs is reporting to everyone else… if you want to exercise power and authority over people, join the military or go into politics. Don’t be an entrepreneur.” -Phil Libin, CEO of Evernote CS 183B: Dustin Moskovitz 10
  11. Flexibility CS 183B: Dustin Moskovitz
  12. Flexibility “If you’re going to be entrepreneur, you will actually get some flex time to be honest. You’ll be able to work any 24 hours a day you want!” - Phil Libin ! • You’re always on call • You’re a role model • You’re always working anyway CS 183B: Dustin Moskovitz 12
  13. You’ll Make More $$$ ! and Have More Impact CS 183B: Dustin Moskovitz
  14. Financial Reward & Impact A Real Company Valua7on Employee #100’s Upside (10bp) Dropbox $10B $10M Facebook $200B $200M Your First Company Theore7cal Valua7on Founder’s Upside (10%) “Uber for Pet SiTng” $100M $10M “Uber for Space Travel” $2B $200M CS 183B: Dustin Moskovitz 14
  15. Maximizing Impact Adding a late-stage feature to an established company means you get a force multiplier from: • Massive user base • Existing infrastructure • Working with an established team ! Brett Taylor as Employee #~1500 @ Google - Created Google Maps JR as Employee #~1900 @ Google - Prototyped chat inside Gmail JR as Employee #~250 @ FB - Led hackathon project for the like button CS 183B: Dustin Moskovitz 15
  16. So What’s the Best Reason? CS 183B: Dustin Moskovitz
  17. You Can’t Not Do It CS 183B: Dustin Moskovitz
  18. The Best Reason: You Can’t Not Do It Passion: You need to do it. • You’ll need passion to endure The Struggle • You’ll need passion to effectively recruit ! Aptitude: The world needs you to do it. • The world needs it • Otherwise do something that the world needs • The world needs you • It’s bad for the world if you just outcompete a team with more aptitude • The world needs you somewhere - find where. CS 183B: Dustin Moskovitz 18
  19. Recommended Reading • The Hard Thing About Hard Things • Zero to One (CS 138A) • The Facebook Effect • The 15 Commitments of Conscious Leadership • The Tao of Leadership • Nonviolent Communication CS 183B: Dustin Moskovitz 19
  20. Questions & Comments CS 183B: Dustin Moskovitz

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