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Lenny's Newsletter
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Summary: Lessons from working with 600+ YC startups | Gustaf Alströmer (Y Combinator, Airbnb)
- Lessons from working with over 600 startups at Y Combinator shared by Gustaf Alströmer,
- Companies fail when they don't find 'product-market fit' stemmed from not talking to users,
- Early success can cause neglect of customer input driven by external validation and investments,
- Founders fear users will dislike their product, but usually users are simply indifferent toward it,
- Talk to your users, learn what they want, and create products that address their needs.
- Successful founders understand what failure looks like; they have excellent communication skills, good at storytelling, figure out how to talk to users and make progress,
- Successful founders are determined to win, have both confidence and humility, and focus on execution instead of strategy pre-product market fit,
- YC is good at predicting what failure looks like, and the most helpful indicator is progress made during weekly office hours,
- YC works to help startups find focus and product-market fit to prevent failure and advises against acts of desperation,
- Climate tech is a lucrative market with substantial economic incentives and cutting-edge technological innovations,
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