#143 - Startup School Week 2 Recap: Michael Seibel, Adora Cheung, and Ilya Volodarsky

43:09
 
Share
 

Manage episode 241838029 series 1264694
By ycombinator. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
We've cut down the second week of lectures to be even shorter and combined them into one podcast.First, a lecture from Michael Seibel. Michael is CEO and a partner at YC. His lecture is about How to Plan an MVP.Then, a lecture from Adora Cheung. Adora is a YC partner and a cofounder of Homejoy. Her lecture is about How to Set KPIs and Goals.Last, a lecture from Ilya Volodarsky. Ilya is a cofounder of Segment. His lecture is about Analytics for Startups.Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year.Learn more about YC and apply for funding here: https://www.ycombinator.com/apply/***Topics00:00 - Intro00:43 - Michael Seibel - How to Plan an MVP1:25 - The goal of a pre-launch startup3:10 - Iterating vs pivoting3:59 - Lean MVP5:06 - Heavy MVP6:19 - Launching7:35 - Learning is easier with an MVP8:07 - How to build an MVP quickly10:17 - Adora Cheung - How to Set KPIs and Goals11:51 - What are the right KPIs to set?15:50 - Revenue or active users16:28 - Why choose active users?18:55 - Biotech or hardtech KPIs20:25 - Secondary metric21:25 - What if you haven't launched?22:20 - Setting goals23:47 - How fast should you grow?25:13 - Defining your own goals28:40 - Tracking progress30:27 - Ilya Volodarsky - Analytics for Startups30:46 - Why analytics?31:36 - Funnel32:51 - Collecting data, analytics, and data flow34:16 - Metric - Signups per week35:28 - Metric - Retention cohorts36:30 - Which metric to pick?36:57 - Have I reached product market fit?37:27 - Metric - Revenue37:51 - Dashboards38:35 - Advisor updates39:01 - The startup stack42:13 - Recommendations for the MVP process

153 episodes