WhoBuilt

The Student's Guide To Becoming A Successful Startup Founder

Apr 14, 2023· 24 min· 130K views·Watch on YouTube

Speakers

Michael Seibel and Dalton Caldwell of Y Combinator discuss advice for high school students interested in startups, including how to prepare and when to begin.

Build skills before you start

Seibel and Caldwell say there is no rush because the startup game will still be there later. They recommend learning to code even if you do not plan to be a programmer, and gaining basic design skills so you can make or improve a product yourself.

Make things and practice with people

Seibel encourages students to build small projects, release them, and get experience through low-stakes attempts. He describes a popular Winamp music recommendation plugin made by high school students Mark Zuckerberg and Adam D’Angelo. He also says that talking to people, making friends, and helping others are learnable skills that improve through practice and genuine care.

Use systems and spot lasting value

Seibel advises students to understand the credential system and use it toward their goals, while recognizing that credentials are an imperfect measure of merit. He says fads can reveal real opportunities, but students should learn to distinguish lasting value from temporary attention. He contrasts pandemic-era interest in Zoom startups with Zoom’s founders building for video calls before COVID.

Stay optimistic and honest

Seibel argues that both uncritical enthusiasm for technology and blanket distrust miss the ways technology can improve people’s lives. He urges young people to stay optimistic, while also being honest with themselves and the people around them. In startups, he says, trust with customers, investors, co-founders, and employees depends on honesty.

Commit to the long game

Seibel says meaningful projects take patience: his lawyer told him startups often take seven to ten years to exit, and his own company sold seven years later. He connects ambition with sustained effort, describing a former high school girlfriend who became the New York Times poetry critic after years of pursuing poetry. He closes by encouraging students to keep their dreams and begin when they are ready.

Takeaways

  • Learn to code and basic design so you can contribute directly to a product.
  • Release small projects to build experience without making every attempt a business.
  • Practice talking to people and helping them; both skills improve with use.
  • Use credentials strategically, and judge trends by the value they create.
  • Treat ambition as a long-term commitment, and build trust through honesty.

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The Student's Guide To Becoming A Successful Startup Founder, Michael Seibel, Dalton Caldwell · WhoBuilt