Paul Graham

Co-founder of Y Combinator, essayist

Paul Graham started YC after doing a startup himself, and in YC's 21st year he still writes his talk for each batch from scratch. One advantage of YC he names is the YC GDP: whatever you make, you can sell it to the other startups in your batch. They are exactly the users you want, he says: early adopters who decide quickly.

Y Combinator 00:21 05:10 17:39 17:49

Frameworks
1
Problems
1
Recordings
1
Updated

Key ideas

First customers

When you have no customers yet

Disagreements

Build the product first, or the audience?

Paul Graham

says startups do not take off by themselves, so you recruit your first users one by one, by hand, and do the unscalable work that delights them, the way Airbnb went door to door. The manual work is what teaches you what to build.

Greg Isenberg

says distribution first, product second. When AI makes building nearly free the code is commoditised and the moat is an audience, so grow one to about a thousand people, ask them what they need, and build into a warm market.

From Do Things That Don't Scale

Sources