This is the only valuable piece of information about startups available for free anywhere.

This is hands down some of the most useful information I have ever come across on KZfaq.

Great talk and perfectly watchable at 2x speed (since you are busy building your startup)

I can't believe that the class didn't erupt into thunderous applause at the end of this lecture. This. Is. Pure. Startup. Gold! (applause = 284,101 views x 10^17)

First lecture 1.8 mil views. Second lecture 480k views. Everyone is motivated at the beginning but few of them survives.

I want those papers that he skipped in this lecture. I mean, literally all of them!! This entire lectures are pure gold or maybe beyond that. For me, diamond even! Thank you so much for letting me cost nothing but just the time and the internet to get these huge amount of magnificent ideas. I really appreciate it!!!!!

I wish i have seen this video 1 year ago man. I lost my business/startup . By not know what to do.this is the best lectures i have ever seen in my life . I must have seen 100+ lectures. But fhis one is great . ..... If any one going to start a business/ startup this one is must watch like all play list

The best series of lectures on startup that I've seen so far

Possibly one of the best videos on startups I've seen!

"You don't execute the people you hire..... Well... Sometimes......" - THE MAN WHO NOW HOLDS ULTIMATE POWER OVER HUMANITY'S FUTURE

This is so interesting and knowledgeable. I might binge watch all series of 20 videos in a single day.

"Make somehting people want" and that's the class!!

Excellent presentation. I love the statement relentless operating rhythm.. "Go fast and break things".

The enthusiasm for strart-ups reminds me of enthusiasm for joining the army and go to war: nobody tells you that you will suffer, you will be hurt, and maybe you'll be killed. Out of metaphor, About 99% of start-ups fail to become a successful company, and very often you can tell it from the start, but since the founders are young, they lack the experience to see their issues, till they explode. Good luck to everyone!

Sam actually excels at public speaking when he doesn't read

Замечательная лекция. Просто и понятно вправляет мозги начинающему стартаперу! Great!

I like the professor’s view point that when employee does the whole decision wrong we can fire them. I would not act like them before watching this video and I am sure I will lose a lot.“You do not get to make employees decision, but you do get to choose the decision makers” Points out professor Altman. “When yours and co-founder’s relationship falls apart and he/she leaves, you cannot do anything and the company will go down. Make an agreement for four years by 50/50. If he/she leaves after one year, you keep 25% of the equity.” I thought about this before and my colleagues and I made a kind of agreements. This is the right way to keep the team together for growing the company. "Start to say no to the people and act more for your startup" pointed out the professor. For instance, it is really hard to me to say no and always I regret for it. I need to prioritize me and my work first but I do the opposite and waste my time. I should change myself and I believe that one day I can use professor’s advice. Actually, there are a lot of thing to point out, however, i think for me these ideas are the most important ones.

Sam, I appreciate you taking the time to share your advice and your willingness to add value to others

Thank you so much for sharing your knowledge with the world. This is amazing and very interesting! Thanks!!

Thank you for these priceless advices!

Thank you Sam and Y combinator for this practical learnings on Startups. It really helps. Thanks.

29:12 Execution! I love the practicality of this part. Well said

Priceless. Thanks Sam.

It was a very insightful session. Lot of practical learnings.

Great content,one of the best lecture i have ever heard regarding stratup/ new business.

This content is pure gold

Excellent content Sam. Thank you very much.

Awesome!!! Many time looking for something like this. Thank you so much!!!

Attempting to view entire lecture series. Worked at Stanford University as a teen (but had neither grades or resources to attend). Feel like someone has let me in the side door to watch even though I'm not allowed. :)

Wow😍the best content on startups(lots of love from India)❤

Thanks for presentation and sharing the knowledge

great tips by sir sam regarding product making

Solid advice! This had to have helped someone out there! Let’s see how I’ll do

This content is really gold

finished..amazing speech

Great stuff, very informative.

Most underrated series

Thank you Sam.

terrific ! excellent video

We focus on the attitude and the way they analyze and think when meeting a challenging issue.

Excellent lecture!

Brilliant Sam

This lecture is 🔥🔥🔥🔥

Very insightful.

Can't believe that this was Sam Altman years ago, now pretty much everyone knows who he is

Question I don't know any friend of mine who is technical, so I cant have a type of co-founder that you mentioned and I have no idea about tech so should I learn it or keep looking for someone with whom I can team up

Damn! This aged really well! Just like fine wine!!

28:25 Are there any exceptions from "smaller" companys ?

is good to work with technical in different location? as startup?

Great lecture. On money based on everything I have read about start ups. However, he makes statement that founder equity should be near equal. The guru on this Noam Wasserman has great research and a book out showing equal split companies do poorly in terms of later valuation and success rate. So I am curious what the data on this at YC is and why Altman would make this one statement that does not fit everything else I have come across as ingredients for startup success. Why is he off base on this one question?

Did he ever talk about "Finance, Deal making, and distribution" as he promised in the last few seconds of the lecture??

1:24 Thanks bro for bringing up the issue

For the team part, I would also add that there should always be a backup plan in case somebody leaves the company. Who would do their job? At least have proper documentation so someone else can pick up the work if an employee leaves the company suddenly.

PCLady I agree and try to put in my words. It is possible to have people to share your dreams and help u in implementing your business "your ways". 1. These kind of guys are not easy to come by. By the time they come your business idea (BI) looses its shine. Its a reality with exceptions. 2. The most practical way to move forward with your "ideas/dreams" is to employ in base, on site, remote or whatever. the reality is an employee is needed and has to be hired. 3. Hiring an employee means believing in trust, integrity and honesty both sides. 4. Bottom line: Believe in team work and be professional. 5. Utopian scenario: If an employee helps you build your dream, help him build "his dream" by supporting him/her with his dream. Start ups want co-founders to share their dreams and vision. They want employees to have the same dream but they need to understand and respect that employees can be inspired and "dream" too. Ideal barter would mean they would support u and you support them when they want u. Idea for another start up ? ;P

I loved these lectures! 23/11/2023

Where can we get the slides from? Old school man :)

GOD BLESS YOU, GENTALMAN😎

Sam: "Hopefully you don't execute the people you hire". Best advice

Thank you !!!

Unstoppable people

thank you YC❤

7.00 - Co-founder must in TA, if just management, usually not gonna work

please guide me important points of 1) HIRING & MANAGING & 2) COMPETITORS

Link for the slides doesnt work?

All of this is amazing apart from the fact that after 9 years, we know remote work does in fact work.

I have an idea for a startup that I would like to start building right away, but I don't have the programming skills necessary to build the product, and I don't know anyone with these skills either. It seems like my only option is to bring on a random co-founder, but the speaker advises against this. What's the best thing to do in this situation? I'm learning to code, but obviously this will take some time before I become really proficient, and I want to start working on this idea now.

Just a doubt: whatever he is saying, is that everything for a huge company like facebook or these companies need much more effort?

This class is amazing and you guys make the world a better place. Your subtitles in chinese kinda really suck. They add a big ton of value but they are almost non existent (chinese, traditional) (other Chinese also not existent). Thank you for the content ❤ - World Citizen ❤

Listening from Cleveland's Bizdom!

Why has nobody told me this three years ago.. - having started a startup with a stranger, then worked remotely with him, working for money instead of vision.. doing mostly marketing instead of product work.. I could go on with all the mistakes we did there..

this is gold

When should you quit your 9-5?

What happens if you start a company with a cofounder you really trust, but as time goes on, you discover bad sides about them and you want to replace them or you just can't keep working with them. What do you do?

Make something people want :-- That line 👌

"Make something people want".

Perfect

This was published 9 years ago? What did I miss?

6:07 so yup you are talking about generalists

What if I am tough, calm, AND technical. Who should I look for as my potential Co-Founder... out of the pool of friends I have of course.

🎯 Key Takeaways for quick navigation: 00:03 ❓ *Sam Altman répond aux questions sur la conférence précédente, soulignant l'importance de l'interaction et du feedback pour clarifier les concepts.* 00:31 📈 *Il conseille de se fier à ses instincts pour identifier les marchés à croissance rapide, une compétence particulièrement aiguë chez les étudiants.* 01:35 🔥 *Pour éviter l'épuisement en tant que fondateur, Altman recommande de persévérer malgré les difficultés et de s'appuyer sur un réseau de soutien.* 02:33 👥 *La session aborde l'importance cruciale des cofondateurs et de la gestion de leur relation pour la survie des startups.* 03:35 🚫 *Altman met en garde contre la sélection hâtive des cofondateurs, une erreur fréquente chez les étudiants, soulignant l'importance de choisir des partenaires de confiance.* 04:37 🤝 *La majorité des entreprises à succès de YC ont plusieurs cofondateurs, indiquant une préférence pour les équipes plutôt que les fondateurs solos.* 05:35 🌟 *Altman recherche des cofondateurs "inébranlables et ingénieux", comparant idéalement leur profil à celui de James Bond.* 06:34 ✨ *Il souligne l'importance de choisir des cofondateurs résilients et calmes, en plus d'être intelligents.* 07:36 📉 *Pour les premières embauches, Altman conseille d'éviter de recruter autant que possible, mettant l'accent sur l'efficacité et la réduction des coûts.* 08:36 ⚠️ *Il met en garde contre les conséquences d'une première embauche médiocre, souvent désastreuse pour la startup.* 09:38 🏆 *Les premiers employés doivent adhérer pleinement à la mission de l'entreprise, une culture instaurée par Airbnb.* 10:39 💪 *Le recrutement est présenté comme une tâche difficile mais cruciale, nécessitant une attention particulière et un engagement de temps significatif.* 11:42 🌟 *Altman conseille de consacrer jusqu'à 25% de son temps au recrutement une fois que ce processus est activé.* 12:40 🚫 *Il met en garde contre les embauches médiocres qui peuvent empoisonner la culture d'une startup, surtout dans les premiers stades.* 13:42 🌍 *Altman recommande de chercher des candidats à l'extérieur de la Silicon Valley pour échapper à la compétitivité féroce du marché local.* 14:41 🧠 *Il suggère de privilégier l'aptitude et l'adhésion à la mission plutôt que l'expérience pour la plupart des premiers rôles dans une startup.* 15:44 🤝 *Travailler sur un projet rapide avec un candidat est conseillé pour mieux évaluer ses compétences et son adéquation.* 16:44 🗣️ *Les compétences en communication sont soulignées comme un indicateur clé pour des embauches réussies.* 17:44 🐅 *Altman utilise le "test animal" pour illustrer la nécessité d'embaucher des personnes exceptionnelles dans leur domaine.* 18:45 💰 *Il critique la réticence des fondateurs à attribuer des parts d'équité généreuses aux premiers employés, un investissement souvent payant.* 20:14 📊 *La rétention des employés est cruciale, nécessitant de les faire se sentir valorisés et de développer des compétences de gestion chez les fondateurs.* 21:16 🙌 *Altman conseille de célébrer les réussites de l'équipe et de prendre la responsabilité des échecs pour renforcer la motivation et la cohésion.* 22:41 🔥 *Il insiste sur la nécessité de licencier rapidement en cas de mauvaise performance ou de toxicité dans l'équipe.* 23:40 💡 *En cas de désaccord interne, il recommande de se tourner vers les utilisateurs pour des décisions éclairées.* 24:37 💼 *La discussion sur la répartition des parts entre cofondateurs doit se faire tôt et de manière équitable pour éviter des conflits futurs.* 25:37 🧐 *Concernant l'embauche de personnes inexpérimentées, il souligne qu'elles peuvent souvent trouver un rôle adéquat dans l'entreprise avec le temps.* 26:36 ⚖️ *L'importance d'avoir une clause de vesting pour les cofondateurs est soulignée pour gérer les départs potentiels.* 28:32 🛑 *Altman déconseille fortement les équipes de cofondateurs à distance, en particulier dans les premières étapes d'une startup.* 29:36 🚀 *La clé de l'exécution réussie d'une startup réside dans un engagement intense et soutenu, et non dans de simples idées brillantes.* 30:41 📋 *Les cinq rôles principaux du PDG d'une startup sont énumérés, avec un accent particulier sur la définition de la barre d'exécution.* 31:10 🎯 *La focalisation et l'intensité sont présentées comme des composantes essentielles de l'exécution efficace, nécessitant de déterminer les bonnes priorités.* 32:12 🎖️ *Altman conseille de définir des objectifs clairs et de communiquer régulièrement ces priorités à toute l'équipe.* 33:14 📌 *Il soul* Made with HARPA AI

My takeaway: Execute and focus on the most important 2 to 3 things is really difficult for founders. You get no credits in trying, you only get credits for getting things done and build something the market really wants.

EN 💡 Identifying rapidly growing markets relies on instinct and recognizing emerging technologies. 00:47 Advanced individuals can predict emerging technologies. 00:47 Following instincts is crucial in identifying fast-growing markets. 00:47 ⚡ Managing burn-out as a founder while maintaining effectiveness. 00:55 Young people have better instincts for growing markets. 00:55 Consider what you and your peers are using for future trends. 01:09 Addressing burn-out as a founder is crucial for sustained effectiveness.

Is anyone here after Ranveer Alabadhia's TRS podcast with Pratham Mittal?

Its very simple. If u have idea - thats ok :)

it's not just about startups, it's about life too.

Is anyone creating any OpenAI based startup ?

Love from india Sam Altman

GOLD

how equity works can anyone write down in easy words

29:40 What founders do become the culture

I am 36 years old. I feel like I am staying fairly up-to-date with technology. But based on the start of this video, it seems that only young people can participate in startups, since they are young students and can "just trust their instincts". Are middle-aged or older people not allowed in startups? Are we useless? Perhaps I should abandon my plan to help "the cloud" evolve its distributed and open future. Maybe I should retire and become a greeter at Walmart.

Who is still up?

*Make something people want*

18:43

I would not want to be Sam Altman's friend, but by god would I love to be his apprentice. I wish I could just inject his perception into my veins.

I disagree with the answer at the beginning on counter fatigue. The reason is always different and it's not easy to manage your own psychology. Sam should have said he didn't have time to do that question justice. Truly there should be a whole class on fighting founder fatigue. It's as important as choosing the right cofounder and picking the right market. If you disagree with me I'd love to hear your thoughts.

I like the fact that how VC preps these slides to sort of "guide" future founders/start ups. The fact is that these VC's wants to invest the next big thing is hilarious. All these dreams of a start up is just fugazi with so low probabilities to succeed.

completed till 35:10

that is correct. employees come first. i was asked once to join a brand new startup, but the founder was planning to give out equity that would vest in a few years and on the condition of product delivery. a few of us bolted immediately... politely with all kind of excuses.

how to hire the best initially when you dont have money to pay them ?