Michael Seibel's guide for getting a tech company up and running and advice for applying to Y Combinator.

1. How to
Startup (Tech)
Simple, Easy & Straightforward

2. Prerequisites
2-4 people,
50% tech,
friends or
collegues
1 year’s
worth of
cash each
$ EXIT
Everyone
ready to quit
their jobs

3. Brainstorm with
teammates
IDEA
Personal
experience
Daily / Weekly
problems

4. Market
o Billions
o Do some research
o Use the competition’s product

5. Delaware C Corp
Use Clerky.com
Clean from the start

6. MVP

7. How fast can you get
something into your user’s hands?
2 months good, 2 weeks better.
MVPminimum viable product

8. You are
nothing until
you launch
That is when you start learning / growing

9. Using = Sharing?
Ads?
Reference customers?

10. Are people
talking about
your company?

12. FUNDRAISING
Less is
better
$
$
$ $ $ $
$
Fast is
better
Have good
growth!!!!
$
$ $ $
$

13. o GROW!!!!
o Are you generating PR?
o Build momentum / FOMO
o Pitch to angels who
understand the problem
FUNDRAISING
PROBLEMS

14. OPERATIONS
Spend less money
Look at what you spend every month
Figure out how to spend less

15. Increase average talent with each hire
Be fair and transparent
Hire slow!

16. YC
Application

17. 2-4 founders, 50% tech,
6 months+ relationship,
working full time
launched or
imminent launch
can you graduate at the top
of the class?
billion dollar market
are you growing?

18. YC Interview
Does your mom understand
your 30 second pitch?
Talk first - don’t demo
10 minutes goes fast
Teach us something we
didn’t know

19. Thank You!
(That is all I know about startups)