WhoBuilt

2021 YC Top Companies on Their Startup Journey

Jan 12, 2021· 5 min· 36K views·Watch on YouTube

Speakers

Nikki Goulimas, co-founder and CEO of Nova Credit; Olu Bengala, co-founder and CEO of Flora Weave; and Amir Nathoo, co-founder and CEO of Outschool share startup advice at a Y Combinator event.

Choose a problem you care about

Nikki Goulimas says building a company usually takes longer and proves harder than expected. She advises founders to examine why they want to pursue a particular idea and whether it feels personally meaningful. Founders should consider whether they want to work on the problem for a decade, since personal motivation can help them persist through difficult periods.

Focus on the next important milestone

Olu Bengala describes how Flora Weave was distracted by ideas such as adding AI or a chatbot to its technology for local businesses, including plumbers and car dealerships. He recommends identifying one or two key metrics, tracking them weekly, and improving them steadily. Set a milestone for the company’s current phase, execute on it, then move to the next.

Build culture from the start

Amir Nathoo says founders can overlook culture while pursuing product-market fit. He recommends defining company values early so hiring supports the team’s long-term vision and mission. He describes Outschool’s team as 50% women, 40% non-white, and 15% Black and Latinx.

Share hiring opportunities

Audience members name several companies hiring, including Ironclad, Go1, Outschool, Flora Weave, Gecko Robotics, and Esquire. One participant invites people interested in affecting lives in India to join their team.

Takeaways

  • Before committing to a startup idea, ask whether you would work on its problem for the next decade.
  • Pick one or two metrics that matter and review progress every week.
  • Define a concrete milestone for the current phase, then focus the team on reaching it.
  • Set company values early and use them to guide hiring.

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