Opinion
Alströmer: Airbnb's early business model was so strong it was hard to fail
“The last thing I would say is like, F&B had an incredible business model, an incredible business from early on, and it was hard to fail. And what I mean by that is, it's hard to fail with a company. You can fail with individual things inside the company, but t…”
Insight
Alströmer: YC cannot predict breakout hits, only recognize failure modes
“I think the truth is that we're not, not, not very good at knowing what's going to succeed. We're not, certainly we cannot figure out who's going to be the really successful company in the batch. Like that's not possible. What we're good at is knowing what fai…”
Insight
Alströmer: Strategy does not matter for early-stage startups
“When you are a small startup, strategy does not matter because there's not that much of strategy is about. Maybe later on, it might be a fault to think about strategy, but strategy kind of assumes that you can do multiple things at the same time, which small s…”
Insight
Alströmer: Founders cannot start a startup with a growth team mindset
“You can't start a startup with a growth team mindset, because that is just scalable things all the time. And really what you need to go back to is doing things that don't scale and unscale your way of thinking about customers. But it's really useful to have th…”
Opinion
Alströmer: Decarbonization transition is much larger than software
“In that transition, we're talking about trillions of dollars of money moving from things that cause climate change to things that don't.
Like, as the scale of this transition is not something we've seen recently.
Like software,
It's not that big in comparison.…”
Insight
Alströmer: Initial Founder Motivation Does Not Predict Startup Success
“And it doesn't matter, in my experience, what your motivation is. I don't think either of these motivations, like, it sounds like some of them would be better than others. In my experience, it's not the case. The motivation will change over time to just runnin…”
Disclosure
Alströmer: YC rarely accepts teams that cannot build their own prototype
“And this is something we screen for when we interview people in YC and we aren't accepting a whole lot of team that Don't know how to build or get their first prototype built themselves, because we know it is like a super common value pattern.”
Insight
Alströmer: Founders confuse VC funding and YC acceptance with product-market fit
“So the people are validating that even if you don't talk to customers, why has he accepted you? This investor invested in you. This investor said you were great, like blah, blah, blah, like all these different validations that you confuse with product market f…”
Insight
Alströmer: Offering an engineer 10% equity signals undervaluation of engineering
“You apply to YC and you have 90% for yourself and 10% for the engineer, right? That's, you're basically saying they're like, oh, the engineering part of this company is only worth one-tenth of me. I'm the non-technical person. So that, that to me is a signal t…”
Opinion
Alströmer: Strong PM Skills Outweigh Domain Expertise at Climate Startups
“And it's much more valuable to have that background than to have this specific domain expertise background. Like, those are complimentary, but as a PM, having the solid PM background is the more valuable piece, I would say.”
Opinion
Alströmer: Hard tech builds stronger legacies than software despite worse business models
“Because they're much harder to do, but when you succeed, they're much more tangible. And you can be like, I like have a tiny little piece in like this space rocket or this airplane that we funded or the satellite that's above us. And I really think that that's…”
Assertion Supported
Alströmer confirms Swedish families historically did not feed visiting children dinner
“It's absolutely true. I actually gave an unconference talk about this topic. And the conference talk was all of the strange things that Swedish people do and why. And if it would summarize it like, yes, we do that. I actually experienced that. I went to a frie…”
Assertion Supported
Alströmer: Most of Airbnb's first 10 to 15 PMs were former founders
“Like most startups don't have most of the PMs being former founders, but that I believe that was the case for the first like 10 or 12 or 15 PMs that there'd be. A lot of us were former founders. And I think that that made a big difference for how you make deci…”
Insight
Alströmer: Co-Founders Frequently Fail to Discuss Motivation, Impairing Conflict Resolution
“Actually, surprisingly often, founders have not talked about why they're doing this. And just knowing why someone is here really helps with conflict resolution, for example, really helps with sort of like understanding why someone is there on a certain day or …”
Insight
Alströmer: Starting a company is a 10-year commitment, not a career step
“So like a good reason to not start a company is if you think of starting a company as a career step. Well, it is not. Because if it's successful, it'll be your whole entire career. It'll be 10 years, most likely.”
Insight
Alströmer: Startups are equally hard whether they succeed or fail
“Startups are hard. They're much harder than a normal job. Like equally hard if they're successful or failure, right? They're not actually, there's no middle way where like, oh, my company is doing great so I can chill. That's not, doesn't work that way either.”
Insight
Alströmer: Office hours must focus on bottlenecks, not updates or strategy
“So the goal of the regular office hour, I always ask the question, what's holding you back from moving faster? And we don't want to hear updates. We don't want to hear strategy questions. We want to understand what's slowing you down or what's, what's holding …”
Insight
Alströmer: Founders can only emotionally lean on other founders
“You can't really lean on your employees and say, Hey, I'm feeling really shitty as a founder today. Like everything is going to shit. Employees isn't going to take that well. So you lean on perhaps your investors and, but they're not really available. But what…”
Insight
Alströmer: 90% of potential customers are not early adopters
“The problem is, which anyone who hasn't done sales before that joined YC, they realize this, is that if you take the average customer group in the world, 90% are not early adopters. It doesn't matter if you have something new and cool that is not interested. T…”
Insight
Alströmer: Founders Must Interview 25 to 50 Prospective Customers
“Like they think they might have to talk to five, but I think you have to talk to like, 25 to 50. That means you have to reach out to a lot more to be able to get to people that are potentially early adopters. And those ones you talk to are also the ones that b…”
Insight
Alströmer: Inactive Signups Reflect Indifference, Allowing Founders Second Chances
“The worst thing that can happen to startup is not that people hate what you're doing. It's that they're completely indifferent to what you're doing. So not that, not the worst thing, but the most common thing that happens is people just indifferent, but it doe…”
Insight
Alströmer: The best way to discover customer pain is watching workflows
“So the best thing I've learned about how to discover the pain is to watch people, have them screen share, have them walk, walk you through their daily workflow about the area where you're doing some discovery. That is the best thing.”
Insight
Alströmer: Startups need technical co-founders over contractors due to engineering-led iterations
“The reason you want to have a technical co-founder and not a hired engineer or not a hired contracting team is because so many of the decisions you're going to make are technical and so many of the iterations you're going to make relies on engineering.”
Assertion Supported
Alströmer: A typical YC batch produces a couple of billion-dollar companies
“Like if you look at like startups on a typical YC batch, there'll be a couple of billion dollar companies.”