StartupYard 2013 Demo Day - Y Combinator Lessons Learned by Andrej Pancik

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  • basic interpretter pre machinu co majuhobbists, potomnadalsiumachinu, potomos, potom app postavenenanejpotom IPO. 2.40People without dirty hands are wrong. Doing something makes you right.
  • Some ideas need an initial push just like an old carSometimes its better to find a downhill
  • 2.57Obviously short termOf course we adhered to all of these rules
  • Pivot is structured course correction designed to test a new fundamental hypothesis about the product, strategy, and engine of growth.Eric Ries (in Lean Startup)Laugh at perfection. It's boring and keeps you from being done.
  • StartupYard 2013 Demo Day - Y Combinator Lessons Learned by Andrej Pancik

    1. 1. Y Combinator – Lessons learnedAndrej PancikCo-founder of Prizeoandrej@pancik.com
    2. 2. Prizeo• Win for charity• Win for celebrity• Win for brand• Win for people• Founded end of 2011.• Address the ineffectiveness of charity auctions
    3. 3. Y CombinatorProgram that supports growth-stage companiesthrough:• Recognition acceptance rate 1.78%• Investment $20,000 + $80,000 CN• Mentoring partners, business celebrities• Network 500+ past YC companies
    4. 4. Start now• Doesn’t it work? Pivot.• All ideas are connected• Learn on the go• Example: Microsoft• Example: Prizeo
    5. 5. Don’t be afraid of work• Manual work is almost alwaysrequired• Example: Masterpiece fair
    6. 6. Avoid distractions and Launch fast• Do only three things–create stuff–talk to customers–exercise
    7. 7. Keep pumping out features• Continually improve–Success leads to improvement (duh?)–Failure leads to improvement• Example: Prizeo
    8. 8. Summary• Start now• Don’t be afraid to work• Avoid distractions and launch fast• Keep pumping out features

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