Y Combinator CEO Michael Seibel gives his take on how to build products that succeed at Y combinator’s Startup School. In this hour long talk, Michael goes through a number of fundamentals that startup teams and founders usually overlook.
Key Takeaways:
- Define your problem clearly. Explore how solvable the problem is in detail.
- Define your customers by identifying them and figuring out how much they’re willing to pay.
- Does your MVP actually solve the problem?
- Spot the customers you should go after first.
- Maintain a Product Development Cycle for each version with key performance metrics in place.
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