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

1. September 23, 2014
SO YOU THINK YOU WANT TO
BE AN ENTREPRENEUR?
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2. Outline
• Common Reasons to Become a Tech Entrepreneur
• It’s Glamorous
• You’ll be the Boss
• Flexibility
• You’ll Make More $$$ & Have More Impact
• The Best Reason
• Recommended Reading
• Questions/Comments
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3. It’s Glamorous
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4. What the Media Thinks It’s Like
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5. What It’s Actually Like
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6. What the Media Thinks It’s Like
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7. What It’s Actually Like
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8. The Ugly Side of Being a Founder
Stress
• Responsibility: your team
bet the best years of their
life on you
• You’re always on call
• Fundraising
Unwanted media attention
You’re more committed (->
less option value)
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9. You’ll be the Boss
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10. !
“People have this vision of being the CEO of a company
they started and being on top of the pyramid…
What it’s really like: everyone else is your boss – all of
your employees, customers, partners, users, media are
your boss. I’ve never had more bosses and needed to
account for more people today.
The life of most CEOs is reporting to everyone else… if
you want to exercise power and authority over people,
join the military or go into politics. Don’t be an
entrepreneur.”
-Phil Libin, CEO of Evernote
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11. Flexibility
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12. Flexibility
“If you’re going to be entrepreneur, you will actually get
some flex time to be honest. You’ll be able to work any
24 hours a day you want!” - Phil Libin
!
• You’re always on call
• You’re a role model
• You’re always working anyway
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13. You’ll Make More $$$
!
and Have More Impact
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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
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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
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16. So What’s the Best Reason?
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17. You Can’t Not Do It
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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.
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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
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20. Questions & Comments
CS 183B: Dustin Moskovitz