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Elli Sharef at Female Founders Conference 2014

Mar 12, 2014· 14 min· 3.4K views·Watch on YouTube

Speaker

Elli Sharef, co-founder of HireArt, shares startup advice at Y Combinator’s 2014 Female Founders Conference.

Start before everything feels ready

Sharef wanted to start a company in college but waited until she was 27. She says there is rarely a perfect time, idea, or financial situation to begin. After reconnecting with her college friend Nick Sedlet and talking for five hours about startup ideas, she quit her job the day after he did.

Keep learning from customers

Sharef says HireArt made many small pivots while keeping its core idea. Early on, the site attracted two users, then five after another change. She compares the process to following clues: keep listening to customers and work out what to try next.

Build confidence in the mission

Sharef describes confidence as both believing in the company internally and explaining its purpose clearly to investors, hires, friends, and family. She says founders may start out unsure, but need to develop a real belief in what they are building. That belief helps carry them through difficult days.

Keep going through near failure

Sharef compares startup setbacks to reaching an airport shortly before a flight: make an effort to get through security even when success seems unlikely. After HireArt left Y Combinator without funding while batchmates were raising, she cried over a rejection from Sequoia. Her co-founders urged her to keep pitching, and the team eventually found investors.

Enjoy the experience

Sharef urges founders to appreciate both the difficult and exciting parts of building a company. Driving on Sand Hill Road felt like a scene from a movie, despite how much she disliked the road. She was also struck when HireArt's customer Cisco asked to add Colombia, her home country, to its recruiting platform, which was already used in about 150 countries.

Takeaways

  • Start with the resources and relationships you have; waiting for ideal conditions can delay the work.
  • Use early customer response to guide small experiments and adjustments.
  • Practice explaining the company’s mission until you believe it and can communicate it clearly.
  • Treat funding rejections and other setbacks as reasons to reassess and keep trying, not automatic endpoints.
  • Notice meaningful moments along the way, including the hard parts of building.

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