3N Startups
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Armenian Startup Ecosystem News Channel
by Ruben Osipyan @rubenosipyan
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Sam Altman, Former President of Y Combinator and the CEO of Open AI, shares his thoughts on how you can succeed with a startup.

Here are the key takeaways (part 1):
1) Product is so good people tell friends about it spontaneously.
2) The product is easy to understand and explain.
3) Find a market that experiences or will soon experience exponential growth.
4) Differentiate between real trends and fake trends.
5) Evangelical founder: someone who is going to recruit, sell the product, talk to the press, raise money, and infect with enthusiasm the whole world about what the company is going to do.
6) Ambitious vision.
7) Hard startup vs easy startup: it’s easier to start a hard startup than to start an easy startup.
8) Confident and definite view of the future.
9) Huge if it works.
10) Team.
11) Optimists: have that internal fire of belief, doesn’t matter what haters say.
12) Have idea generators in the team.

Full video: https://youtu.be/0lJKucu6HJc

#ycombinator #startupschool #learning
3N Startups
Sam Altman, Former President of Y Combinator and the CEO of Open AI, shares his thoughts on how you can succeed with a startup. Here are the key takeaways (part 1): 1) Product is so good people tell friends about it spontaneously. 2) The product is easy to…
Part 2:

13) Have a spirit of “we’ll figure it out”.
14) You need people who step up and say “I’ll do that, I’ve got it. Don’t worry about that.”
15) Action bias.
16) The blessing of inexperience. We’ve seen many of our startups do incredible things because no one told them they can’t do it.
17) Momentum.
18) Competitive advantage.
19) Sensible business model.
20) Distribution strategy.
21) Frugality, Focus, Obsession, Love
22) One No vs One Yes: flat hierarchy of startups makes it more effective in making innovation rather that established corporations with a string management hierarchy and higher chances of rejecting innovation proposals.
23) Fast-changing markets: startup agility and speed make startups to be more effective in fast-changing environments that a big company.
24) Platform shifts

Full video: https://youtu.be/0lJKucu6HJc 

#ycombinator #startupschool #learning
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