YC (Y Combinator) Stanford University "How to start a business" course Essentials record (rough)

20 lessons, each section is full of dry goods, often heard theory useless, but good theory, can definitely help you less to take some detours.

About YC:

Founded in 2005, Y Combinator is a well-known entrepreneurial incubator in the United States, and Y Combinator supports startups and provides them with entrepreneurial guidance. As of July 2012, a total of 380 start-up companies were hatched, with a cumulative investment of more than $1 billion, valued at $10 billion. Y Combinator only focuses on the earliest entrepreneurial team, and is involved in the start-up phase of the start-up team and provides appropriate help. Y Combinator will hold regular Funding application activities to receive project information submitted by the startup team. If the review is approved, Y Combinator will provide an investment in the "$5000 + $5000n" model, where n refers to the number of Y Combinator partners willing to participate in the project's investment. For example, if there are 2 partners willing to invest, then the final amount of investment is $15000, if 3 is $20000. In return, Y Combinator will occupy a 2% to 10% stake in the startup team, usually 6%.

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Elements: Idea Team product execution force
Never start a business to start a business, and when you want to feed your team, you can't imagine how hard it is.
Idea is the starting point to be able to make sure that one day your company can't replicate
Business Philosophy + Mission
For small markets, then expand. The market is growing fast (young people, trust intuition is good)
Good ideas: The opposite, the new
Word of mouth still matters
Startups do not need to invest a lot of advertising, only a small number of consumers to love
Focus on user Feedback
Partners are vital, with the result that 2-3 partner companies perform well, and multiple partner companies perform better than single companies.
Will make you regret it.
Be generous to employees, give employees a sense of importance, and boldly dismiss negative and useless employees
Communication brings focus
Strength, keep driving force
"Let the user Happiness Index increase", from the small start, let customers like your products,
Monopolize the market and create value
Must enter from small market
Registered users and long-term users, two indicators of evaluation Acru (active index)

Effective load, frequency, conversion rate
First impressions are critical to the customer
Focus on customer feedback
Have a good relationship with a journalist
Investors: Leadership, communication skills, personal experience
Procrastination is the tomb of a start-up company
Company culture, brand benefit is the core strength that the company can endure for a long time
Entrepreneurial location is important
As an entrepreneur, a good balance of gravity and time investment
can be decentralized, but not divided
Details
Timely communication
Can take everything from him, but don't take away his dignity.
Hardware integration
The real value of idea is 0, and it only makes sense if it works.
Give options in stages, even if the founders
Sales are staged funnel-like
Sales: People, attending meetings (CIO), Cold Mail
Be good at listening, not multiple words. Continuous follow-up
Beware of traps:
Less one function (first sign the contract, the contract statement to add function)
Free Trial (no free trial, but can be signed by year, 30 days not satisfied with the return)
The company must have management structure during the period of expansion
Apply for a provisional patent first

YC (Y Combinator) Stanford University "How to start a business" course Essentials record (rough)