The track record for founders that don't already know each other is really bad.
You never want to be in a place where an employee has vested 3 out of the 4 years of stock and they start thinking about leaving.
Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
Many of the best YC companies have had phenomenally small number of employees for their first year, sometimes none besides the founders.
We've seen a lot of data at YC now, and the most successful companies and the ones where the investors do the best... end up giving a lot of stock out to employees- year after year after year.
You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
Investors will sort of like write the check and then, despite a lot of promises, don't usually do that much; sometimes they do.
If you ever take your foot off the gas pedal, things will spiral out of control, snowball downwards.
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
Growth solves (nearly) all problems
Every company has a rocky beginning.
You need to have a culture where people have very high quality standards in everything the company does, but still move quickly.
You can basically change everything in a startup but the market.
The thing that kills startups at some level, is the founders giving up.
If someone is choosing between joining McKinsey or your startup it's very unlikely they're going to work out at the startup.
The thirteenth search engine- and without all the features of a web portal, most people thought that was pointless.
You want an idea about what you can say. I know it sounds like a bad idea but here's specifically why its actually a great one. You want to sound crazy but you want to ask to be right.
If you compromise and hire someone mediocre you will always regret it.
Developing a personal connection with anyone you're trying to do a big deal with is really important.
If you want something in a deal, just ask for it.
If it works out, you're going to be working on this for 10 years.
... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
... and you can only have 2 or 3 things everyday, because everything else will just come at you; you know fires in a day.
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