WhoBuilt

When to Launch Your Startup and When to Wait

Mar 15, 2022· 14 min· 152K views·Watch on YouTube

Speakers

Michael, a Y Combinator partner, discusses when startups should launch and how to move quickly with fellow YC partners Harj and Brad on the Partner Lounge.

Learn what startup speed looks like

Michael says founders may mistake big-company pace for startup pace, and that moving fast can feel uncomfortable. Instacart began with a rough service that relied on people driving to stores, while Brex had a working virtual card before it had a user interface.

Treat launch as a repeated way to learn

Brad says founders can delay because they imagine a perfect public reaction and fear people will notice flaws. The partners argue that launch is not a one-time event: founders can show the product repeatedly and improve it from what they learn. A waitlist alone does not provide feedback from people using the product.

Use a simple first version to test demand

The partners describe founders calling a waitlist a launch, then hesitating to let those people use the product. Brad points to Magic, which launched two days after its idea with a website and phone number, inviting people to text requests so the team could learn from real use.

Understand why some companies waited

Brad says Rippling took roughly a year and a half or two years to officially launch, but Parker Conrad had unusually deep experience from building HR software at Zenefits. Michael adds that Conrad's earlier product was initially a set of forms without a backend, and that this first round of learning helped justify a more substantial later build.

Check the early history before copying exceptions

Michael warns that founders may know only a small part of the story behind famous companies. He suggests reviewing early company blogs, screenshots, and feature announcements to see how simple the first versions were. He says founders with Conrad's relevant prior experience may choose differently, while others should launch and move faster.

Takeaways

  • Launch something people can actually use; a waitlist does not reveal how the product works for them.
  • Treat launching as a repeated feedback loop, not a one-time performance.
  • A rough first version can test demand before investing in a complex product.
  • Before copying a famous company's launch timeline, investigate what its founders had already learned.
  • Build slowly only when you have unusually strong, relevant product insight.

Mentioned in this talk

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What was claimed 8

  • founded
    “Our guest today is Parker Conrad, who's created a $13.5 billion company called Rippling.”
    0:41inHow To Build The FutureYouTube
    Verified6 sources· Talk, Web· archived
  • feature
    Instacart: Early delivery used founders and people found off Craigslist to pick up groceries; the product had a good UI but was hacked together.
    “they just had the founders and maybe some people off Craigslist driving to the grocery store”
    YouTube
    Unverified1 source· Talk
  • feature
    Brex: Its early product could issue a working virtual credit card but lacked a UI for viewing spending.
    “They could give you a virtual credit card and it worked, but that was it.”
    YouTube
    Unverified1 source· Talk
  • launched
    Magic: Two days after coming up with the idea, with a website and phone number inviting people to text requests.
    “they launched two days later. It was just a website with a phone number”
    YouTube
    Unverified1 source· Talk
  • built
    A product related to one he had already built at his previous startup.
    “the founder was building a product he’d already built for his last startup”
    YouTube
    Unverified1 source· Talk
  • metric
    Rippling: Took close to a year and a half, or maybe two years, to officially launch during its YC period.
    “they took close to a year and a half, or maybe two years, to officially launch”
    YouTube
    Unverified1 source· Talk
  • built
    An early benefits product, initially made from forms without a back end.
    “he showed up with this HR software that was beautiful. It was feature-rich.”
    YouTube
    Unverified1 source· Talk
  • feature
    Zenefits: The first benefits product shown was a set of forms without a back end.
    “it was a bunch of forms, and there wasn't a back end at the time.”
    YouTube
    Unverified1 source· Talk

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