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Dalton Caldwell is Managing Director and Group Partner at Y Combinator. Prior to YC, he was the co-founder and CEO of imeem (acquired by MySpace in 2009) and the co-founder and CEO of App.net. During his time at YC, he's advised more than 35 YC unicorns, including DoorDash, Amplitude, Webflow, and Retool, and has worked across 21 different YC batches. He's also racked up more than 6,500 office hours with founders. In our conversation, we discuss:• Why founders need to adopt the mindset “Just don't die”• The most common reason startups fail• When to pivot, and characteristics of a good pivot• The concept of “tar pit ideas” and examples of bad startup ideas• Why investors say no to startups• The importance of market size in investment decisions• The pitfalls of founders over-delegating• Effective ways to talk to customers• 20 ideas Dalton is looking to fund—Brought to you by:• Eppo—Run reliable, impactful experiments• Vanta—Automate compliance. Simplify security• Coda—The all-in-one collaborative workspace—Find the transcript at: https://www.lennysnewsletter.com/p/lessons-from-1000-yc-startups—Where to find Dalton Caldwell:• X: https://twitter.com/daltonc• LinkedIn: https://www.linkedin.com/in/daltoncaldwell/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• X: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Dalton's background(04:41) The value of simple advice(07:04) Dalton's advice: “Just don't die”(08:39) Knowing when to stop(11:45) Deciding to pivot(14:26) Characteristics of a good pivot(17:53) Knowing when to pivot(19:03) Zip's journey and finding a market(21:22) Why Dalton says to “Move towards the mountains and the desert”(23:45) Tar pit ideas(26:49) Understanding why investors say no(29:14) The importance of market size(32:16) Avoiding over-delegation and hiring senior people too early(36:43) Why startups fail(40:30) Effectively talking to customers(45:17) Examples of startups hustling to talk to customers(48:01) Patterns of successful startups(52:05) YC's Request for Startups(55:37) Early days of Silicon Valley(01:05:33) Contrarian corner: growth hacking for early startups(01:09:28) Failure corner(01:11:15) Closing thoughts(01:12:22) Lightning round—Referenced:• Y Combinator: https://www.ycombinator.com/• Tiger Woods's website: https://tigerwoods.com/• Co-Founder Mistakes That Kill Companies & How to Avoid Them: https://www.youtube.com/watch?v=dlfjs_eEEzs• Daniel Alberson's LinkedIn post about Y Combinator: https://www.linkedin.com/posts/alberson_i-left-my-dream-job-as-a-product-manager-activity-7089677882431533056-jJ9H• Companies in Y Combinator W17 Batch: https://www.ycdb.co/batch/w17• Brex: https://www.brex.com/• Retool: https://retool.com/• Segment: https://segment.com/• Mixpanel: https://mixpanel.com/• Whatnot: https://www.whatnot.com/• Andreessen Horowitz: https://a16z.com/• Airbnb's CEO says a $40 cereal box changed the course of the multibillion-dollar company: https://fortune.com/2023/04/19/airbnb-ceo-cereal-box-investors-changed-everything-billion-dollar-company/• Rujul Zaparde on LinkedIn: https://www.linkedin.com/in/rujulz/• Zip: https://ziphq.com/• Lu Cheng on LinkedIn: https://www.linkedin.com/in/lu-cheng-973b7830/• Avoid these tempting startup tar pit ideas: https://www.ycombinator.com/library/Ij-avoid-these-tempting-startup-tarpit-ideas• Airbnb acquires Localmind to create crowdsourced advice about neighborhoods: https://skift.com/2012/12/13/airbnb-acquires-localmind-to-create-crowdsourced-advice-about-neighborhoods/• Foursquare: https://foursquare.com/• Razorpay: https://razorpay.com/• Total Addressable Market: https://www.productplan.com/glossary/total-addressable-market/• Lenny Bogdonoff on LinkedIn: https://www.linkedin.com/in/rememberlenny/• Milk Video: https://milkvideo.com/• Lessons from working with 600+ YC startups | Gustaf Alströmer (Y Combinator, Airbnb): https://www.lennyspodcast.com/lessons-from-working-with-600-yc-startups-gustaf-alstromer-y-combinator-airbnb/• How the most successful B2B startups came up with their original idea: https://www.lennysnewsletter.com/p/how-the-most-successful-b2b-startups• Collison installation: https://news.ycombinator.com/item?id=18400504• Stripe: https://stripe.com/• Patrick Collison on LinkedIn: https://www.linkedin.com/in/patrickcollison/• John Collison on LinkedIn: https://www.linkedin.com/in/johnbcollison/• Tony Xu on LinkedIn: https://www.linkedin.com/in/xutony/• Grant LaFontaine on LinkedIn: https://www.linkedin.com/in/grantlafontaine/• Ryan Petersen on LinkedIn: https://www.linkedin.com/in/rpetersen/• Lessons on building product sense, navigating AI, optimizing the first mile, and making it through the messy middle | Scott Belsky (Adobe, Behance): https://www.lennyspodcast.com/lessons-on-building-product-sense-navigating-ai-optimizing-the-first-mile-and-making-it-through-t/• YC's latest Request for Startups: https://www.ycombinator.com/blog/ycs-latest-request-for-startups• ERPs: https://www.ycombinator.com/rfs#new-enterprise-resource-planning-software• Commercial open source companies: https://www.ycombinator.com/rfs#commercial-open-source-companies• New space companies: https://www.ycombinator.com/rfs#new-space-companies• A way to end cancer: https://www.ycombinator.com/rfs#a-way-to-end-cancer• Spatial computing: https://www.ycombinator.com/rfs#spatial-computing• New defense technology: https://www.ycombinator.com/rfs#new-defense-technology• Bringing manufacturing back to America: https://www.ycombinator.com/rfs#bring-manufacturing-back-to-america• Better enterprise glue: https://www.ycombinator.com/rfs#better-enterprise-glue• Small fine-tuned models, as an alternative to giant generic ones: https://www.ycombinator.com/rfs#small-finetuned-models-as-an-alternative-to-giant-generic-ones• Reid Hoffman on LinkedIn: https://www.linkedin.com/in/reidhoffman/• Sam Altman on X: https://twitter.com/sama• Sean Parker on LinkedIn: https://www.linkedin.com/in/parkersean/• Owen Van Natta on LinkedIn: https://www.linkedin.com/in/owen-van-natta-444a7/• iMeme: https://apps.apple.com/us/app/imeme-generator/id1560021364• Marc Andreessen on X: https://twitter.com/pmarca• Picplz 1, Instagram 0 as VC firm Andreessen Horowitz chooses photo app rival: https://www.reuters.com/article/idUS2587232395/• Gustaf Alstromer—How to Get Users and Grow: https://www.youtube.com/watch?v=T9ikpoF2GH0• Getting to Yes: Negotiating Agreement Without Giving In: https://www.amazon.com/Getting-Yes-Negotiating-Agreement-Without/dp/0143118757• Founding Sales: The Early Stage Go-to-Market Handbook: https://www.amazon.com/Founding-Sales-Go-Market-Handbook-ebook/dp/B08PMK17Z1• Founder-led sales | Pete Kazanjy (Founding Sales, Atrium): https://www.lennyspodcast.com/founder-led-sales-pete-kazanjy-founding-sales-atrium/• The Sopranos on HBO: https://www.hbo.com/the-sopranos• The Wire on HBO: https://www.hbo.com/the-wire• Columbo on Prime Video: https://www.amazon.com/Columbo-Season-1/dp/B008SA89HA• Oura ring: https://ouraring.com/• Apple watch: https://www.apple.com/watch/• SiPhox: https://siphoxhealth.com/• Dalton & Michael on YouTube: https://www.youtube.com/playlist?list=PLQ-uHSnFig5Nd98Sc9I-kkc0ZWe8peRMC• How Future Billionaires Get Sh*t Done: https://www.youtube.com/watch?v=ephzgxgOjR0• The Student's Guide to Becoming a Successful Startup Founder: https://www.youtube.com/watch?v=O5KCB2p6SB8—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe
Brought to you by Linear—The new standard for modern software development. | Eppo—Run reliable, impactful experiments. | Pando—Always-on employee progression.—Gustaf Alströmer is a Group Partner at Y Combinator, where he's worked with over 600 startups in his 6.5 years there. He's also a fellow Airbnb alumnus and even started the original Airbnb growth team. In today's podcast, Gustaf discusses common reasons startups fail and how he helps coach founders on avoiding these mistakes. He explains the attributes that the best founders tend to have, and signs that a company has potential. We also cover the growing space of climate tech, for which Gustaf has a huge passion and where he's already had an incredible impact. He shares some key areas of innovation and investment in climate tech, some notable companies he's helped fund, and where he sees potential going forward.Find the full transcript here: https://www.lennyspodcast.com/lessons-from-working-with-600-yc-startups-gustaf-alstromer-y-combinator-airbnb/#transcriptWhere to find Gustaf Alströmer:• Twitter: https://twitter.com/gustaf• LinkedIn: https://www.linkedin.com/in/gustafalstromer/Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• Twitter: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/Referenced:• Airbnb tweet: https://twitter.com/gustaf/status/1580330162725347330• Startups Are an Act of Desperation: https://blog.eladgil.com/p/startups-are-an-act-of-desperation• The 18 Mistakes That Kill Startups: http://www.paulgraham.com/startupmistakes.html• Do Things That Don't Scale: http://paulgraham.com/ds.html• Marc Andreessen: https://a16z.com/author/marc-andreessen/• How to Talk to Users: https://youtu.be/z1iF1c8w5Lg• How to Get Your First Customers: https://youtu.be/hyYCn_kAngI• Pachama: https://pachama.com/• Request for Startups: Climate Tech: https://www.ycombinator.com/blog/rfs-climatetech• Climate Draft: https://www.climatedraft.org/• Seabound: https://www.seabound.co/• Fleetzero: https://www.fleetzero.com/• Unravel Carbon: https://www.unravelcarbon.com/• CarbonChain: https://www.carbonchain.com/• Sinai: https://www.sinaitechnologies.com/• Enode: https://enode.com/• Statiq: https://www.statiq.in/• Heart Aerospace: https://heartaerospace.com/• The 100% Solution: A Plan for Solving Climate Change: https://www.amazon.com/100-Solution-Solving-Climate-Change/dp/1612198384• Without a Doubt: How to Go from Underrated to Unbeatable: https://www.amazon.com/exec/obidos/ASIN/1982147903?tag=simonsayscom• Emily in Paris on Netflix: https://www.netflix.com/title/81037371• Everything Everywhere All at Once on Showtime: https://www.sho.com/titles/3493875/everything-everywhere-all-at-once• How to Apply and Succeed at Y Combinator, by Dalton Caldwell: https://www.youtube.com/watch?v=8yiOcCPvyNE• Y Combinator on YouTube: https://www.youtube.com/c/ycombinatorIn this episode, we cover:(00:00) Gustaf's background(04:15) What made Airbnb so special(07:21) How culture interviews and hiring founders contributed to Airbnb's success(10:31) Motivations for starting companies(13:17) Why Gustaf helps founders understand their motivations(14:13) Reasons you should not start a company(16:03) The magic that happens at YC office hours(20:45) Why founders in coworking spaces should schedule time to talk (21:36) Questions Gustaf asks founders(22:26) Common reasons startups fail(26:23) Getting over the fear of rejection (27:57) The importance of solving for pain points and why you should watch users(34:21) The value of having a technical co-founder(37:42) How founders without technical expertise have succeeded(40:46) Attributes of the most successful founders(44:57) Why it's hard to predict success and how YC advises against failures(46:59) Indications of potential for success(50:03) Speed vs. quality(51:11) Confidence vs. humility(52:48) Execution and tactics vs. strategy(54:36) Autocratic vs. collaborative-driven founders(56:27) Why you should focus on product first(59:03) The economic incentive for investing in climate tech(1:02:16) The clean-tech bubble of 2008(1:04:59) Why you don't need to be super-scientific to work in climate tech(1:06:51) Areas of climate tech and promising companies(1:12:27) What's going well in the climate-change space(1:16:49) Lightning roundProduction and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com. Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe
How do you get your first customers? YC Group Partner & former Head of Growth at Airbnb, Gustaf Alströmer, gives tactical advice to answer this question for all kinds of companies — whether you're B2B or B2C — and discusses why it's important for founders to do sales early on. Apply to Y Combinator: https://www.ycombinator.com/apply/
YC often says "talk to your users", but actually doing that is surprisingly tricky. YC Group Partner Gustaf Alströmer gives non-obvious advice on how to talk to both current and potential users, how to run a great user interview, and how to interpret the feedback in these conversations. Apply to Y Combinator: https://www.ycombinator.com/apply/
Pour l'épisode de cette semaine, je reçois Christophe Pasquier, le CEO et cofondateur de Slite. Slite c'est une solution de documentation pour les équipes qui travaillent à distance. Pendant cet épisode, Christophe nous a raconté son parcours avant de lancer Slite et sa rencontre avec eFounders. Il nous a ensuite raconté son passage à YC puis nous avons beaucoup discuté de l'importance de trouver son positionnement dans un environnement aussi concurrentiel que le sien et face à Notion. Christophe nous a, entre autres, expliqué la difficulté de construire un produit où les “basiques” à avoir sont nombreux et où il faut en même temps innover sur certaines features critiques. Vous pouvez suivre Christophe sur twitter. Bonne écoute ! ___ Mentionnés pendant l'épisode : Gustaf Alströmer, partner chez YC Hopin Deel Oyster Remote.com Episode avec Pierre Touzeau de Claap Lost and Founder, Rand Fishkin ___ Pour soutenir SaaS Connection en 1 minute⏱ (et 2 secondes) : Abonnez-vous à SaaS Connection sur votre plateforme préférée pour ne rater aucun épisode
"The most exciting new podcast in the startup world.” - Eric Ries, Founder, and NYTimes bestselling author Companies mentioned: Nori - https://nori.com/ Indigo - https://www.indigoag.com/ Joro - https://joro.tech/ LiveGreen - https://livegreen.io/ Sinai Technologies - https://www.sinaitechnologies.com/ Project Wren - https://projectwren.com/ Prometheus Fuels - https://www.sciencemag.org/ Solugen - https://www.solugentech.com/ C16 Bio - https://www.c16bio.com/ Heart Aerospace - https://heartaerospace.com/ Wright Electric - https://weflywright.com/ Drawdown - https://www.drawdown.org/ Y Combinator Carbon RFS - http://carbon.ycombinator.com/ Watershed Climate OpenOcean Today's episode is another deep dive into a brand new space that actually has a *lot* going on already. Though it's a very recently coined term, “Climate Tech” is going to be here for a while. I’m joined by Gustaf Alströmer, a partner at Y Combinator, and Diego Saez-Gil, the founder of Pachama.com. There's Health Tech, FinTech, Ad Tech, Prop Tech and now there's Climate Tech — and these two individuals have helped pioneer this new space. We talk about why it’s happening now and what climate + technology will look like 5-10 years from now. We also talk about whether or not it be like CleanTech that came in 15 years ago and went away almost as soon as it arrived. What makes Climate Tech different? They also share about their paths from passion to profession within this realm — and discussed the early days of people thinking, in Diego's case, that his idea was basically a nonprofit (and not a very fundable business). Or thinking that this space was too complicated and too big to try and tackle with a small team of dedicated founders. We talk about all of these and more, and I'm really excited about this deep dive into this brand new space of climate tech. Speaking of sustainable energy, Below The Line is brought to you by Magic Mind, the world's first productivity drink (and is our proud sponsor because it’s my own company). Do you want more creativity, more flow, more energy, and less stress? Do you want to tap into what nature gives us beyond just coffee? For all of these things go to magicmind.co to get the two-ounce shot that contains 12 magical ingredients that are scientifically designed to improve your productivity. Along with CEOs, doctors, musicians, even Navy Seals, I take it every day — and it is the single most important part of my morning ritual to do more and stress less. To learn more, go to magicmind.co and enter the promo code “BTL” for Below The Line to get 15% off and try it for yourself. You can email James questions directly at askbelowtheline@gmail.com or follow us on Twitter @ twitter.com/gobelowtheline — “Below the Line with James Beshara" is brought to you by Straight Up Podcasts LLC
We've cut down the fourth week of lectures to be even shorter and combined them into one podcast.First a lecture from Kat Manalac. Kat is a partner at YC. Her lecture focuses on how startups should think about launching and why you should do it repeatedly.Then a lecture from Gustaf Alströmer. Gustaf is also a partner at YC and in his lecture he covers how to measure product market fit and growth channels.Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year.Learn more about YC and apply for funding here: https://www.ycombinator.com/apply/***Topics00:00 - Intro00:35 - Kat Mañalac - How to Launch (Again and Again)1:51 - Ways to launch2:14 - Why launch continuously?3:15 - Silent launch4:25 - Friends & Family5:40 - Strangers7:03 - Online communities12:08 - Request access13:29 - Social media15:13 - Pre-order16:13 - New Product or Feature17:42 - Build your own community19:20 - Launching isn't one moment in time19:48 - Gustaf Alströmer - Growth for Startups21:06 - Most startups have nothing22:13 - Do things that don't scale27:13 - Startups take off because founders make them take off28:23 - Measuring product market fit31:20 - Retention34:33 - Worse ways to measure product market fit35:23 - Bad metrics to measure as product market fit36:18 - Growth channels and tactics38:17 - Conversion rate optimization41:26 - Growth channels to explore45:33 - Referrals and vitality48:05 - Paid growth50:09 - Search Engine Optimization53:00 - Making decisions using A/B testing55:02 - Summary
Dan Hockenmaier is the founder of the growth strategy firm Basis One. Prior to Basis One he was the Director of Growth Marketing at Thumbtack. You can learn more at BasisOne.com.Gustaf Alströmer is a Partner at YC. Prior to YC he was the Product Lead for Growth at Airbnb.You can find Dan on Twitter @danhockenmaier and Gustaf is @gustaf.The YC podcast is hosted by Craig Cannon.Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year.Learn more about YC and apply for funding here: https://www.ycombinator.com/apply/***Topics00:00 - Intro00:50 - Dan's most unpopular advice1:45 - What growth strategies do people jump on too soon?2:20 - Questions Dan asks a company he's advising3:50 - Traits Dan looks for in early growth hires6:30 - How product and growth are tied together11:30 - Good/bad learnings from Facebook's growth team14:00 - A/B testing17:00 - Retention and other metrics20:45 - The importance of experimentation23:45 - Getting ideas for A/B tests then choosing which to do25:00 - Advice for employees who want to get a growth program going29:00 - B2B vs consumer growth tactics34:00 - Pricing experiments35:30 - Paid marketing39:30 - Launching in new markets40:15 - Hiring for marketing43:45 - Metrics for marketing hires45:45 - Toni asks - Why did Airbnb grow so fast?48:45 - Step function growth changes for companies that already had scale49:55 - Michael Savage asks - It would be great to discuss growth into new regions for example Africa and UAE. What would their approach be, how does it differ from region to region, culture to culture? 52:30 - Justin LaRosa asks - What are some of the most common drivers of viral growth?55:20 - Hiring a growth agency vs building your own team58:20 - How do you think about growth in the context of improving humanity?
David Lieb is the Product Lead for Google Photos. Prior to working on Google Photos, David was the cofounder and CEO of Bump, which was in the Summer 2009 batch of YC.Gustaf Alströmer is a Partner at YC.David is on Twitter @dflieb and Gustaf is @gustaf.The YC podcast is hosted by Craig Cannon.***Topics00:00 - Intro00:42 - How Bump became one of the biggest apps on the App Store3:56 - Bump was the billionth app downloaded on iOS6:14 - David's YC interview8:17 - Bump's goal during YC10:12 - Experiments at Bump before working on photos11:17 - How Bump grew12:32 - How David thinks about product market fit13:32 - Flock and talking with the top users of Bump18:02 - Going upstream in photo sharing, becoming the camera roll19:32 - Being a photo sharing power user and how that helped when building a product22:12 - Fundraising26:12 - Deciding that Photo Roll would work better within a big company and building it at Google29:42 - When building a product, pretend there's a person doing that task for you in the best possible way then try to build that31:52 - How David spends his time running Google Photos33:47 - How David feels about his work at Google after being a startup founder35:17 - When to apply AI37:22 - Attention to the user vs the technology38:02 - Talking to users at scale41:02 - Lamide Akomolafe asks - What did David focus on too much as a rookie product lead that he thinks was a mistake now?42:47 - Getting confidence to ship features to a billion users45:17 - Generating support for a project within a big company47:02 - In 5-10 years will David be working for a large or small company?48:27 - When thinking about an acquisition, can you execute your vision in a larger way within the company?50:12 - Larger truths about people learned by paying so much attention to photos and memories51:47 - Giving everyone a photographic memory and deciding which photos are important52:57 - Products David likes and the importance of solving a durable human need
Brian Donohue is President of Instapaper and a Product Engineering Manager at Pinterest.You can find him on Twitter @bthdonohue.The YC podcast is hosted by Craig Cannon.***Topics00:19 - The history of Instapaper8:19 - Free competitors enter the market10:19 - How Brian joined Instapaper14:34 - Transitioning from paid to freemium19:19 - Pinterest's acquisition of Instapaper26:34 - Moving to California29:04 - Working on Instapaper within Pinterest32:19 - Spinning Instapaper out of Pinterest42:34 - Jareau Wadé asks - What types of product integrations could Pinterest have done with Instapaper?50:04 - Ryan Hoover asks - I’m curious how he and the team balance simplicity with new feature development/product expansion.54:19 - Raymond Durk asks - I love the rapid reading mode but would also love a voice enabled mode where the Google Assistant or Siri reads it. Speaking of I'd use it on my Google Home to listen to news if that was a skill.57:39 - Brian Kim asks - Any growth hacks that worked well?1:00:04 - Gustaf Alströmer asks - How does it make time for focused time to catch up on everything he saves? What are his best productivity hacks related to this?1:03:44 - Backpacking
YC Partner Gustaf Alströmer, who was most recently a growth expert at AirBnb describes strategies for scaling your user base.Lecture SlidesLecture TranscriptVideo Link
In this panel, Greylock's Josh Elman talks with Y Combinator Partner and former Airbnb Product Lead for Growth Gustaf Alströmer and former Uber Head of Product and VP of Growth Ed Baker about establishing a north star metric, growing in local markets, and how to measure the things that can't be measured. This panel was recorded at The Scaleup Offsite, an event focused on scaling companies co-hosted by Greylock Partners and YC Continuity.
Our guest today is Gustaf Alströmer, Head of Growth at Airbnb. Gustaf is passionately curious about products that change the world and are aligned to a bigger purpose. This episode focuses on his leadership journey and areas he believes we need to keep our eyes on. Interview by Liselotte Engstam. Production by Joel North.
Gustaf Alströmer is product manager of the growth team at Airbnb and has several years of experience in the field. The first company Gustaf started had a growth problem, which got him thinking – he’s been working with growth related issues since then. Few companies had growth teams in 2007–2008; Linkedin and Facebook were pioneers back then. For the full story head to: www.matter.se/gustaf-alstromer-marketing-should-be-part-of-the-product/