Michael Seibel

155 statements across 33 episodes · 45 bullish · 41 bearish · 3 people on the record · first statement Jun 21, 2017 by Michael Seibel · said 32 times in 19 episodes since 2016 · across every show →

On the record as a speaker too: Michael Seibel's record, appearances and statements → this page counts the times other people say the name.

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brought up most by Shola Akinlade (6), Geoff Ralston (5), Craig Cannon (4), Paul Buchheit (2), Dylan Field (2), David Rusenko (2), Chas Englander (2), Tikhon Bernstam (1)

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2019 4 mentions in 3 episodes 1 per episode
2018 18 mentions in 9 episodes 2 per episode
2017 2 mentions in 2 episodes 1 per episode
2016 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Michael Seibel, oldest first

Jun 21, 2017 neutral
Assertion Not checkable as stated
YC Partners Each Review 500 of Up to 7,000 Applications Per Batch
“Most people don't realize that as YC partners we have to read approximately 500 of the six to 7000 applications that come in every batch.”
Michael Seibel Jun 21, 2017 ▶ 1:14 How Should Business Schools Prepare Students for Startups? – Jeff Bussgang and Michael Seibel · Y Combinator
Mar 7, 2018
Disclosure
Seibel: Y Combinator frequently helps incoming startups fix damaged cap tables
“Interestingly at YC, oftentimes some of the work that we have to do when we ingest companies is help them clean up their cap tables and help convince their previous investors that the way the company is set up right now is actually harmful. So that, that's act…”
Michael Seibel Mar 7, 2018 ▶ 19:09 Michael Seibel - Startup Investor School Day 2 · Y Combinator
Mar 7, 2018 positive
Insight
Ralston: Founders must target problems so dire users accept imperfect solutions
“You need to find problems so dire that users are willing to try half-baked The one imperfect solutions.”
Geoff Ralston Mar 7, 2018 ▶ 1:47 Michael Seibel - Startup Investor School Day 2 · Y Combinator
Mar 7, 2018
Assertion Not checkable as stated
Seibel: His 4.5-year angel record includes 50 deals and one billion-dollar exit
“I've been angel investing for 4.5 years. I've made 50 total investments, invested in four angel funds, 47 companies, ah, only three of them were not YC companies. 46 of them were early stage. One was, ah, late stage. It's a little company called Reddit. I hope…”
Michael Seibel Mar 7, 2018 ▶ 3:18 Michael Seibel - Startup Investor School Day 2 · Y Combinator
Mar 7, 2018 negative
Disclosure
Seibel: Stopped Writing $25K Angel Checks After Treating Them as Mistakes
“I've kind of made the mistakes of writing 25,000 dollar checks. And I don't do that anymore.”
Michael Seibel Mar 7, 2018 ▶ 5:07 Michael Seibel - Startup Investor School Day 2 · Y Combinator
Mar 7, 2018 positive
Disclosure
Seibel: Angel investing is a form of charity, not money-making
“I'll tell you straight away that I'm not doing it to make money. In effect, I feel like where I came from on the East Coast, when people want to give back, they give money to charity and they go to Gallus which I never understood. And strangely, here in the Va…”
Michael Seibel Mar 7, 2018 ▶ 2:22 Michael Seibel - Startup Investor School Day 2 · Y Combinator
Mar 7, 2018 negative
Insight
Seibel: Founders with under 20% equity post-Series B lack exit motivation
“So, in terms of how much equity the founder should have, I think the way that I think about this is I model out a series A that's gonna be between 20 and 35% dilution, and a series B that's gonna be between 20 and 35% dilution, and I look at where the founder'…”
Michael Seibel Mar 7, 2018 ▶ 18:32 Michael Seibel - Startup Investor School Day 2 · Y Combinator
Mar 7, 2018 neutral
Insight
Seibel: It is extremely rare for an investor to have truly big impact
“So I would say that it's extremely rare that an investor can have truly big impact.”
Michael Seibel Mar 7, 2018 ▶ 13:49 Michael Seibel - Startup Investor School Day 2 · Y Combinator
Aug 7, 2018 positive
Disclosure
Ralston: Paul Graham, Jessica Livingston, Sam Altman, and Michael Seibel to speak at Startup School
“Paul Graham and Jessica Livingston will be taking part in the course and giving some of their wisdom, which is also broad need to founders everywhere in the world, but we're also going to have other YC partners. Sam Altman, who's the president of Y Combinator,…”
Geoff Ralston Aug 7, 2018 ▶ 3:46 Geoff Ralston and Adora Cheung Discuss Startup School · Y Combinator
Sep 5, 2018
Insight
Seibel: Founders should ignore product feedback from investors and friends
“The kind of community of startup people and or investors usually don't have the problem that you're solving. So if you're using investors as a trigger for, am I solving the right problem? Or like, Do they find this useful? It's almost never the case. I'm almos…”
Michael Seibel Sep 5, 2018 ▶ 23:44 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018
Insight
Seibel: Solving a startup problem typically takes two years, not months
“So, if you're not thinking that the process of coming up with a solution for this problem is probably more like a two-year process, you're doing it wrong. If you are unsatisfied with significant progress in under two years, you're probably doing it wrong.”
Michael Seibel Sep 5, 2018 ▶ 44:21 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018 neutral
Assertion Not checkable as stated
Seibel: Gamers were 20% of Justin.tv traffic for years before Twitch launched
“Gamers have been streaming on Justin TV since almost the beginning. At any given time, they were 20% of our traffic for years.”
Michael Seibel Sep 5, 2018 ▶ 48:36 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018
Insight
Seibel: Pivoting changes the customer or problem; iterating changes the solution
“So, I define pivot As changing the customer or changing the problem. This should be rare. This should happen infrequently. Many times this means you should start a new company. I defined iterate as changing the solution.”
Michael Seibel Sep 5, 2018 ▶ 44:43 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018 positive
Assertion Supported
Seibel: Justin.tv reached $24M in five years, then $1B in three
“And if you look at the history of Justin TV, in the first five years, it went from being worth nothing to being worth about twenty four million dollars. In the next three years, it went being worth twenty four million dollars to being worth a billion.”
Michael Seibel Sep 5, 2018 ▶ 50:28 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018 neutral
What-if
Seibel: Justin.tv survived due to technical founders, low spending, and ego
“Those were the three things that saved our company, made our company work, and strangely, I don't even think, if you take one of those things away, any one of them, we would have died.”
Michael Seibel Sep 5, 2018 ▶ 2:56 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018
Insight
Seibel: Low-frequency, low-intensity problems make customer acquisition extremely difficult
“And so if you have both an infrequent and low intensity problem that you're trying to solve, you're going to have a problem getting a lot of customers even interested in talking to you.”
Michael Seibel Sep 5, 2018 ▶ 14:02 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018 positive
Insight
Seibel: Startups should almost always launch with a price, not for free
“So strangely, starting with a higher price or a price is almost always better than starting free. Almost always better.”
Michael Seibel Sep 5, 2018 ▶ 16:00 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018 negative
Insight
Seibel: Justin.tv's biggest product mistake was spending months swinging for home runs
“Our mistake was that at JustinTV. It was thinking every time, we've got the home run. Let's only swing for home runs. And of course, it would take three months to do it, because we gotta make it perfect, right? And then the whole spike, spiral of death.”
Michael Seibel Sep 5, 2018 ▶ 57:54 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018
Insight
Seibel: MVPs are bad, so startups must target the most desperate customers
“It's an MVP. You know you've made something bad. Like, that's the definition of MP. It's bad. So the real question is like, how do you find people who are willing to use a bad product? Right? They have to be the most desperate. The most desperate. And so a lot…”
Michael Seibel Sep 5, 2018 ▶ 21:45 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018
Insight
Seibel: Steve Jobs released a 'shitty MVP' iPhone and iterated every year
“Real Steve Jobs released a shitty MVP that was revolutionary, but still fairly shitty, and every year iterated it. Until you have the thing in your pocket right now, which is pretty damn good. Real Steve Jobs iterates and talks to customers. Fake Steve Jobs ju…”
Michael Seibel Sep 5, 2018 ▶ 47:43 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018
Insight
Seibel: Car buying websites are built for dealerships, not car shoppers
“It turns out a lot of the car buying websites are not built for the person who's shopping for a car, because that person doesn't have a problem very often. They're actually built for the person who's selling a car. That person has a problem every day. Every da…”
Michael Seibel Sep 5, 2018 ▶ 12:41 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018
Insight
Seibel: Founders unable to state their problem in one sentence lack understanding
“The first thing I ask founders, can you state the problem clearly in two sentences? If you can't, you don't know the problem, right? In fact, it should really only take you one sentence. So if someone asks you a problem you're solving and you find yourself del…”
Michael Seibel Sep 5, 2018 ▶ 5:28 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018 positive
Insight
Seibel: Building an MVP in two weeks prevents problem and customer drift
“Typically, the longer it takes, the more you're going to have MVP and problem drift or customer drift. If you decide to only build your MVP in two weeks, it's a lot easier to stay on task and make sure actually solving that problem for that customer.”
Michael Seibel Sep 5, 2018 ▶ 19:24 Michael Seibel - Building Product · Y Combinator
Sep 5, 2018
Assertion Not checkable as stated
Seibel: Early Justin.tv founders paid themselves $500 monthly
“We were each given 500 dollars a month walking around money, which technically is against the law because it was below minimum wage, but who cares about laws?”
Michael Seibel Sep 5, 2018 ▶ 1:50 Michael Seibel - Building Product · Y Combinator
Jan 24, 2020
Insight
Seibel: Resolve co-founder strategy conflicts with time-bound empirical tests
“Ask him, okay, what's the test that would prove that the direction we're going in right now is a good one, and what is the time period that we can all agree with to go after that, and then bam, we're running an experiment now. If we don't make it, we'll switch…”
Michael Seibel Jan 24, 2020 ▶ 44:08 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020
Insight
Seibel: Needing a polished MVP means incumbents are doing a good job
“If you can find a small population of people that have enough of a problem that the other folks aren't solving, that they're willing to use something that's pretty bad, that's a very good sign. If the only way you can find any group of users, even 10, even a h…”
Michael Seibel Jan 24, 2020 ▶ 1:47 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020 positive
Assertion Supported
Seibel: Early Airbnb customer service routed to Joe Gebbia's cell phone
“Another famous one was Airbnb where customer service was one of the co-founders Joe's cell phone number.”
Michael Seibel Jan 24, 2020 ▶ 34:04 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020 positive
Insight
Seibel: Startups with real marginal costs must charge from day one
“In any situation where you actually have real cost, you should be charging from day one.”
Michael Seibel Jan 24, 2020 ▶ 21:11 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020
Insight
Seibel: Time-bounding startup attempts to at least six months clarifies pivot decisions
“I think the best strategy for this the one that's easiest to execute is to time bound it. So what I would say is like, Hey, we're going to try everything as hard as possible to make this work for this period of time, probably no less than six months. And if we…”
Michael Seibel Jan 24, 2020 ▶ 29:45 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020
Insight
Seibel: Founders in crowded spaces must know why previous products failed
“Make sure that you're studying those products and you have a strong opinion about why they suck. It's going to help you two reasons. One, it'll help you figure out what to make as a good product. And two, A very common investor question, if you ever want to ra…”
Michael Seibel Jan 24, 2020 ▶ 23:24 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020
Insight
Seibel: Digitizing paper workflows alone does not guarantee a billion-dollar company
“If something's being undone on paper, There is a business in putting it into the computer, and like, by nature of the fact that it's being done on paper, you could build a billion dollar company and bring it to the computer, and that's actually not true. Like,…”
Michael Seibel Jan 24, 2020 ▶ 7:18 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020 bearish
Insight
Seibel: Subsidizing unit economics creates artificial demand that vanishes when prices rise
“If you're into a situation where you're providing a dollar worth of value and you're only getting 75% cents back, you're gonna get a lot of demand. But you're gonna lose a lot of money, and when you actually equalize the demand and the price, you'll lose a lot…”
Michael Seibel Jan 24, 2020 ▶ 21:28 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020 positive
Insight
Seibel: Founders should charge uncomfortable prices to find desperate customers
“Charge more than you might feel comfortable so you can identify the people who are most desperate for it.”
Michael Seibel Jan 24, 2020 ▶ 22:04 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020
Insight
Seibel: Non-customer startup advisors cannot provide real customer insights
“Be very careful about asking any startup person who's not your customer for customer insight, because they won't have them.”
Michael Seibel Jan 24, 2020 ▶ 43:05 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020
Insight
Seibel: Founders without domain expertise must build bespoke features to learn
“Just learning the business means you're gonna be building a lot of features that probably are not generally applicable, and that's the cost of learning about this business.”
Michael Seibel Jan 24, 2020 ▶ 5:20 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020
Insight
Seibel: Early B2B customers should value founder access over polished software
“You're looking for An early customer who is excited by the opportunity to work really closely with the founder, to be able to give feedback quickly, to be able to get changes quickly, and is not intimidated by something that's going to be broken.”
Michael Seibel Jan 24, 2020 ▶ 46:11 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020
Insight
Seibel: Founders should establish demand benchmarks that convince company skeptics before continuing
“Identify a critic in the company. Identify a sign that would either, that would even convince the critic that there's something here. If you can't hit that sign within a period of time, you should move. So, like, don't trust The faith of the optimist, like, tr…”
Michael Seibel Jan 24, 2020 ▶ 32:13 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020
Insight
Seibel: Founders building a lifestyle business should start charging immediately
“If you're looking to build a lifestyle business, then like I would definitely charge right now.”
Michael Seibel Jan 24, 2020 ▶ 42:12 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020 positive
Insight
Seibel: Scaling and raising capital is easier when building proprietary software
“If you have seen demand, and you're thinking to yourself, okay, I want to make this a company, if you want to make it a software company that can scale, that can raise money, it's a lot easier if you're building your own software.”
Michael Seibel Jan 24, 2020 ▶ 39:57 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020
Insight
Seibel: Asking investors for clarification shows sophistication rather than ignorance
“It actually shows a level of sophistication to ask the question when you don't know, as opposed to just kind of, like, nod as if you do know and not, and then leave without any insights.”
Michael Seibel Jan 24, 2020 ▶ 46:41 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020 negative
Insight
Seibel: On-demand car repair startups struggle because frequent break-down customers are price-sensitive
“The population that has the most problem with their cars tends to also be the population that is extremely price sensitive about fixing their cars. And so make sure that you have some insight on how you can be offering the cheapest option. Cause if you're the …”
Michael Seibel Jan 24, 2020 ▶ 18:16 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 24, 2020 neutral
Assertion Supported
Seibel: TechCrunch originally seeded Crunchbase profiles using media reports
“Before people cared about their Crunchbase profile, TechCrunch just built the profiles on Crunchbase. With media reports and so on and so forth, and then after a while, people cared about their profile, and so they tried to keep it updated.”
Michael Seibel Jan 24, 2020 ▶ 10:28 YC SUS: Michael Seibel and Eric Migicovsky discuss How to Launch an MVP · Y Combinator
Jan 5, 2022 negative
Insight
Seibel: Comfortable founders often default to abstract, immeasurable global problems
“I think there's a whole set of other people who don't have very many problems in their life. And I think those people kind of reach for like the UN problems or the global problem, right? The problems that like they are told they should care about, but they don…”
Michael Seibel Jan 5, 2022 ▶ 4:58 Should You Follow Your Passion? – Dalton Caldwell and Michael Seibel · Y Combinator
Jan 5, 2022 neutral
Assertion Supported
Seibel: Justin.tv reached 30 million monthly visitors while struggling financially
“Even though the company wasn't doing well for years, we always had a lot of traffic, you know, like the company wasn't doing well and we had like thirty million monthly visitors, like, and we were streaming like years of video to them.”
Michael Seibel Jan 5, 2022 ▶ 12:13 Should You Follow Your Passion? – Dalton Caldwell and Michael Seibel · Y Combinator
Jan 5, 2022 bearish
Prediction Not checkable as stated
Seibel: 95% of extrinsically motivated startups die within three years
“95% of your friends doing startups are extrinsically motivated, and their startup's gonna die in the next two or three years.”
Michael Seibel Jan 5, 2022 ▶ 17:59 Should You Follow Your Passion? – Dalton Caldwell and Michael Seibel · Y Combinator
Jan 26, 2022 positive
Insight
Seibel: Genius is often mistaken for discipline in startup execution
“Too often, genius is mistaken for discipline. It's just like, you know, a lot of people think, oh, this person out executed all their peers because they were smarter, and it's like, that assumes the peers were actually working on the thing they said they were …”
Michael Seibel Jan 26, 2022 ▶ 13:32 Simple Products That Became Big Companies – Dalton Caldwell and Michael Seibel · Y Combinator
Jan 26, 2022
Insight
Seibel: Founders start with the false belief they know what users want
“I think that every founder starts their company with the lie in their head that they know about what their customer wants and they know how to solve the problem. And the more you build before putting your product in front of a user, the more you just let that …”
Michael Seibel Jan 26, 2022 ▶ 1:25 Simple Products That Became Big Companies – Dalton Caldwell and Michael Seibel · Y Combinator
Feb 2, 2022
Insight
Seibel: Startups building HR software must accommodate corporate recruiters
“You aren't going to get rid of all the recruiters. Even though you don't believe they should exist in the world, they are going to exist in the world. Either you're going to accommodate them, Or they will kill you. Like they tend to actually have way more powe…”
Michael Seibel Feb 2, 2022 ▶ 4:58 How To Change The World? Get The Small Things Right – Dalton Caldwell and Michael Seibel · Y Combinator
Feb 2, 2022
Insight
Seibel: Having Engineers Screen Peers Is Inefficient and Unenjoyable for Them
“Even though engineers are better, At grading other engineers. There are two other facts. One, they don't tend to enjoy doing it. And two, it doesn't tend to be the greatest way to extract value out of a great engineer.”
Michael Seibel Feb 2, 2022 ▶ 4:26 How To Change The World? Get The Small Things Right – Dalton Caldwell and Michael Seibel · Y Combinator
Feb 16, 2022
Assertion Not checkable as stated
Seibel: Justin.tv secretly delayed celebrity streams to scale video servers
“So what happened now in this setup is that some celebrity would start streaming, they would think they were live, no one was seeing their stream, while we were propagating their stream to all the video servers that are needed, and then suddenly the stream woul…”
Michael Seibel Feb 16, 2022 ▶ 14:31 Things That Don't Scale, The Software Edition – Dalton Caldwell and Michael Seibel · Y Combinator
Feb 16, 2022
Disclosure
Seibel: Justin.tv used a manual button to turn overloaded pages static
“So we actually had a button that could make any page on Justin TV a static page. All those features would stop working. Your name wouldn't appear, the view count wouldn't update, like, literally a static page that loaded our video player, and You couldn't touc…”
Michael Seibel Feb 16, 2022 ▶ 11:23 Things That Don't Scale, The Software Edition – Dalton Caldwell and Michael Seibel · Y Combinator
Feb 23, 2022
Insight
Seibel says pre-PMF struggles stem from wrong hires, not missing executives
“More often than not in this pre-product market fit phase, the mistake is that there's the wrong person in the company, not there aren't enough people. The mistake is like, you've got an engineer that no one wants to work with, or no one's measuring any of the …”
Michael Seibel Feb 23, 2022 ▶ 6:22 Why Investors Can’t Fix Your Company – Dalton Caldwell and Michael Seibel · Y Combinator
Feb 23, 2022 positive
Assertion Not publicly verifiable
Seibel says Justin.tv made $8 million in its first monetization year
“The first year we really tried to monetize, he made eight million dollars in annual revenue”
Michael Seibel Feb 23, 2022 ▶ 22:32 Why Investors Can’t Fix Your Company – Dalton Caldwell and Michael Seibel · Y Combinator
Mar 31, 2022 positive
Insight
Seibel: Talking to customers and launching products best de-risk startups
“The thing we keep on saying over and over again is like the two things that ridiculously de-risk your startup, three things, and we'll get to the third one in a second. First one's talking to your customers. The second one's building and launching product. And…”
Michael Seibel Mar 31, 2022 ▶ 15:31 How Future Billionaires Get Sh*t Done · Y Combinator
Mar 31, 2022
Insight
Seibel: Programmers avoided starting code before lunch due to midday interruption
“Nothing got done before lunch. Like, getting to work was all about, like, getting in, answering your email, doing a couple meetings, like, it was just, like, no one who was writing code even wanted to start writing code before lunch, because lunch was the big,…”
Michael Seibel Mar 31, 2022 ▶ 4:33 How Future Billionaires Get Sh*t Done · Y Combinator
Apr 8, 2022 neutral
Insight
Seibel: Microsoft Wins by Copying Startup Innovations Years Later
“A structural advantage with a product that's good enough can win. And man, it really helps when some startups specs the whole product for you. Right? Like Microsoft's move is to not innovate the good enough product. It's to copy it. Maybe five to 10 years late…”
Michael Seibel Apr 8, 2022 ▶ 12:06 How To Compete With Amazon and Google · Y Combinator
Apr 20, 2022 negative
Insight
Seibel: Big tech warehouses talent defensively to prevent competitor growth
“In many ways, this is a defensive tactic to warehouse talent. Out of the fear that maybe someone else can use you in a way that can hurt the company.”
Michael Seibel Apr 20, 2022 ▶ 14:29 Why You Should Leave Your FAANG Job · Y Combinator
Apr 20, 2022 negative
Insight
Seibel: FAANG retention relies on unvested equity being 3x your savings
“If they can keep you spending your entire salary, and if they can keep the money that you haven't vested yet larger than the amount of money that you have in your savings by like two to three X, you never leave.”
Michael Seibel Apr 20, 2022 ▶ 13:40 Why You Should Leave Your FAANG Job · Y Combinator
Apr 20, 2022
Insight
Seibel: Big tech bonuses beat startup ambitions without an explicit exit plan
“If you're fighting the bonus head to head with no plan, bonus wins most of the time.”
Michael Seibel Apr 20, 2022 ▶ 19:20 Why You Should Leave Your FAANG Job · Y Combinator
Apr 29, 2022 neutral
Disclosure
Seibel: Ignore investor rejection reasons until hearing them across 15 to 25 pitches
“When founders are fundraising, it's like the first thing, the first time they tell me there's a rejection and a why, I ignore it completely. If they've gotten like 15, 20, 25 rejections, I then ask, are the whys consistent? And only if then the whys are consis…”
Michael Seibel Apr 29, 2022 ▶ 8:35 Investors Said No, Now What? · Y Combinator
May 6, 2022 neutral
Insight
Seibel: Good investors can always tell if a pitching startup is dying
“A good investor can always tell whether the company's pitching them is gonna die and about to die or not.”
Michael Seibel May 6, 2022 ▶ 8:27 Save Your Startup During an Economic Downturn · Y Combinator
May 6, 2022
Insight
Seibel: VCs rarely force high burn; founders naturally push to blitzscale
“I think that's extremely rare for an investor to be demanding you to like burn like crazy. I think that the horrible truth is that founders don't need much of a push.”
Michael Seibel May 6, 2022 ▶ 13:35 Save Your Startup During an Economic Downturn · Y Combinator
May 6, 2022 positive
Insight
Seibel: Founders pitch far more convincingly when they don't need capital
“If you don't need a deal, man, you're going to pitch better. Like this, that's the way life works. Like when you don't need something, you're way more convincing than when you're begging for something.”
Michael Seibel May 6, 2022 ▶ 7:44 Save Your Startup During an Economic Downturn · Y Combinator
May 6, 2022 negative
Opinion
Seibel: Investors hate acknowledging their incentives misalign with founders
“I think that in general investors are allergic when we tell founders that there might be situations where their incentives and the founders incentives are not aligned perfectly.”
Michael Seibel May 6, 2022 ▶ 9:08 Save Your Startup During an Economic Downturn · Y Combinator
May 6, 2022 negative
Insight
Small business owners grasp survival math faster than tech founders
“Like, it's weirdly the kind of concept that, like, the entrepreneur who runs a barber shop will understand before a startup founder will, right?”
Michael Seibel May 6, 2022 ▶ 2:40 Save Your Startup During an Economic Downturn · Y Combinator
Jun 8, 2022 bearish
Insight
Seibel: Hype cycles harm startups by making hiring and acquisition harder
“In the middle of the hype cycle, hiring is harder. Getting access to customers is harder. Like, 17 of your competitors are gonna all get funded. Like, you know, it's weird because on the surface, the hype cycle looks good, but when you actually get into the di…”
Michael Seibel Jun 8, 2022 ▶ 4:03 Y Combinator Is Back In Person · Y Combinator
Jun 8, 2022
Insight
Seibel: Founders want to join established ecosystems, not build new ones
“I think the founders I talked to, they don't want to build a startup ecosystem. They want to be a part of a startup ecosystem.”
Michael Seibel Jun 8, 2022 ▶ 6:08 Y Combinator Is Back In Person · Y Combinator
Jun 8, 2022 positive
Disclosure
Seibel: YC has the budget to fund over 1,400 companies
“The fact that we have budget to fund over 1400 companies with this standard deal.”
Michael Seibel Jun 8, 2022 ▶ 13:10 Y Combinator Is Back In Person · Y Combinator
Jun 8, 2022 negative
Opinion
Seibel: VCs urged startups to burn cash to drive their own markups
“What's unfortunate is that they had just gone through this two year cycle where investors were basically screaming at them to burn and raise because investors were getting markups and they were raising new funds”
Michael Seibel Jun 8, 2022 ▶ 10:20 Y Combinator Is Back In Person · Y Combinator
Jul 22, 2022 positive
Insight
Seibel: 5% to 10% founder salary bumps are almost always worth it
“Just a small incremental five or 10% salary bump can make a huge lifestyle difference, and it's almost always worth it.”
Michael Seibel Jul 22, 2022 ▶ 9:31 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 positive
Insight
Seibel: The most successful founders use their homes to recharge performance
“Like at the minimum, your home should be neutral, but I think for the most successful people, the home's actually a plus. Like the home is like where they're making points, where they're winning points.”
Michael Seibel Jul 22, 2022 ▶ 3:46 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 negative
Insight
Seibel: The worst founders cope with setbacks using drugs and alcohol
“The best people, shit goes wrong, and they go take a hike or something. And the worst people think shit goes wrong and they drink and do drugs.”
Michael Seibel Jul 22, 2022 ▶ 24:04 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 neutral
Disclosure
Seibel: I took a higher Justin.tv salary to pay student loans
“You know, for example, when I was starting, I had student loans in college. My co-founders didn't. I made a little bit more money so that I wasn't like going into debt with my student loans.”
Michael Seibel Jul 22, 2022 ▶ 10:17 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 positive
Insight
Seibel: Successful founders must adult much harder than their peers
“And it might turn out that if you want to be a founder of a very successful company, you might have to adult harder than the people around you. In fact, it almost assuredly requires adulting harder than the people around you.”
Michael Seibel Jul 22, 2022 ▶ 1:52 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 positive
Assertion Not checkable as stated
Seibel: Highly admired founders secretly rely on therapy and psychiatric medication
“Most people don't realize how the founders who they are impressed with actually take advantage of therapy, actually take advantage of medication.”
Michael Seibel Jul 22, 2022 ▶ 26:00 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 positive
Insight
Seibel: Founders do not need to sacrifice relationships or incur extreme debt
“What I think that this is what's tricky is that I think someone needs to be out there saying that these aren't the things you have to put on the table to win. Yes, when you're working hard, you're gonna probably have to spend less time with your family or frie…”
Michael Seibel Jul 22, 2022 ▶ 28:48 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 neutral
Insight
Seibel: Founder setbacks are often unforced errors from poor personal setups
“Like a lot of times founders get punched in the face as almost unforced errors. It's like a result of magical thinking or like other parts of their lives not being set up.”
Michael Seibel Jul 22, 2022 ▶ 0:45 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 neutral
Assertion Not checkable as stated
Seibel: Socialcam's acquisition deal fell through after two months of diligence
“There was one moment in my career where we were gonna get bought SocialCam was gonna get bought, and we were two months into the diligence process. And we got a call that said the deal was off.”
Michael Seibel Jul 22, 2022 ▶ 21:12 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 neutral
Insight
Seibel: A startup founder's salary should not allow for personal savings
“If your startup salary is allowing you to save money, it's probably not good, right? You shouldn't be sitting here, like, with Google employee level savings running your startup. However, if your startup salary is giving you the lifestyle that allows you to be…”
Michael Seibel Jul 22, 2022 ▶ 9:47 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 negative
Insight
Seibel: Startups often punch themselves out by manufacturing crises over unrealistic expectations
“It's funny because in some ways you're saying sometimes these companies punch themselves out. Right? Like they don't even need external forces. They set a stupid expectation. They don't hit their own unrealistic expectation. Then they feel like something's wro…”
Michael Seibel Jul 22, 2022 ▶ 17:38 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Jul 22, 2022 neutral
Insight
Seibel: Unhealthy founder sacrifices made in your twenties fail in your thirties
“You probably can sacrifice these things for five years, like maybe even seven years. The tricky thing is that like the best companies last multiple decades. The tricky things is the shit that you can get away with in your twenties. You can't get away with in y…”
Michael Seibel Jul 22, 2022 ▶ 5:59 Most Important Lifestyle Habits Of Successful Founders · Y Combinator
Sep 1, 2022 negative
Insight
Seibel: Many wealthy people just extracted money from others and regret it
“There's actually, you know, a large number of rich people who are kind of not in that building society group. You know, they made their money by taking it from others who are dumber than them. They look back and they're really concerned and you kind of can't w…”
Michael Seibel Sep 1, 2022 ▶ 15:36 What Basic Game Theory Teaches Us About Startups · Y Combinator
Sep 1, 2022 neutral
Insight
Seibel: Founders secretly know if they are gambling or building houses
“I don't think people are confused whether they're gambling or building houses. I think that they know whether they're gambling or building houses.”
Michael Seibel Sep 1, 2022 ▶ 11:22 What Basic Game Theory Teaches Us About Startups · Y Combinator
Sep 1, 2022 negative
Insight
Seibel: Downturns reveal the tiny group of smart players extracting capital
“When everything's going up, it's easy to think you're the smart person. When things start going down, you start realizing who the real smart people are. And it tends to be a way, way smaller group than you might think. And it turns out that they're taking mone…”
Michael Seibel Sep 1, 2022 ▶ 9:15 What Basic Game Theory Teaches Us About Startups · Y Combinator
Sep 1, 2022 negative
Assertion Not checkable as stated
Seibel: Financial regulations exist because zero-sum finance harmed ordinary Americans
“And it's funny how many of the financial regulations today come from people in the finance world basically doing zero sum games and like harming normal Americans and harming them so much to the point where they're like, you know what we should do? We should li…”
Michael Seibel Sep 1, 2022 ▶ 6:20 What Basic Game Theory Teaches Us About Startups · Y Combinator
Sep 1, 2022 negative
Insight
Seibel: In zero-sum games, today's exploiter becomes tomorrow's dummy
“Be careful with the zero sum games because today you're taking money from a dummy and tomorrow you might be the dummy.”
Michael Seibel Sep 1, 2022 ▶ 18:26 What Basic Game Theory Teaches Us About Startups · Y Combinator
Sep 1, 2022 positive
Insight
Seibel: Failing at positive-sum games still builds valuable skills
“Cause like our friends who tried and failed to do positive sum games, they almost always learned something or advanced in some way. Like they almost always took something from that game with them that made them better off, even if they didn't win. Whereas like…”
Michael Seibel Sep 1, 2022 ▶ 10:00 What Basic Game Theory Teaches Us About Startups · Y Combinator
Sep 1, 2022 negative
Insight
Seibel: Gambling exploits human desire for disproportionate wins without work
“Like, I would almost say that it takes advantage of an inherent flaw in our programming. And I think that flaw has something to do with getting disproportionate wins Without the perception of doing disproportionate amount of work.”
Michael Seibel Sep 1, 2022 ▶ 3:08 What Basic Game Theory Teaches Us About Startups · Y Combinator
Sep 9, 2022
Insight
Seibel: Overly optimistic founders lose all employee trust
“When you cross over being too optimist, your employees start questioning everything. Like you lose all trust. Cause they're like, oh crap. Like if the leader can't see this obvious thing right in front of their face oh, like what else have I not uncovered yet …”
Michael Seibel Sep 9, 2022 ▶ 4:46 The Two Mindsets That Can KILL Your Startup · Y Combinator
Sep 9, 2022 neutral
Insight
Seibel: Peak hype in a tech trend usually precedes its collapse
“You want to get in before everyone thinks it's cool, not at the peak of everyone thinking it's cool. Like the peak of everyone thinking school is usually right before everything goes to shit.”
Michael Seibel Sep 9, 2022 ▶ 21:03 The Two Mindsets That Can KILL Your Startup · Y Combinator
Sep 9, 2022 positive
Insight
Seibel: YC Demo Day goals drive momentum, not company viability
“Like setting the aggressive goal, the purpose was to get you to move fast, to get you to go, go, go. Like it was the juice. Like if you learned a bunch pursuing that goal, you got value, even if you didn't accomplish it.”
Michael Seibel Sep 9, 2022 ▶ 8:52 The Two Mindsets That Can KILL Your Startup · Y Combinator
Sep 9, 2022 positive
Insight
Seibel: Overly pessimistic founders are easier to fix than overly optimistic ones
“I actually think I rather help someone being too pessimistic, strangely, because usually when I try to help introduce realistic expectations, they can adjust. You know, usually we just need to tell them what's reasonable, and suddenly they're like, oh, ok, I g…”
Michael Seibel Sep 9, 2022 ▶ 10:54 The Two Mindsets That Can KILL Your Startup · Y Combinator
Sep 15, 2022 neutral
Insight
Seibel: Second-time founders face equal lows but muted emotional highs
“You know, one of the things we've been saying is like the lows are just as low, but the highs aren't as high.”
Michael Seibel Sep 15, 2022 ▶ 5:51 Advantages Of A First-Time Founder · Y Combinator
Sep 15, 2022
Insight
Seibel: VCs often fund repeat founders for internal firm politics
“What I've also seen for second time founders is that oftentimes for an investor, it's more of a catch. It like helps you build your reputation in your firm, or it helps you get the deal approved. And like, so oftentimes there's like internal political reasons …”
Michael Seibel Sep 15, 2022 ▶ 9:57 Advantages Of A First-Time Founder · Y Combinator
Sep 15, 2022 positive
Insight
Seibel: Resource Constraints Force First-Time Founders to Innovate More
“Because they're going to have harder times typically raising money or hiring employees, they tend to have to innovate more. Like they tend to have to, they're constrained into building something good. Whereas like the lack of constraints so often lead people a…”
Michael Seibel Sep 15, 2022 ▶ 7:04 Advantages Of A First-Time Founder · Y Combinator
Oct 28, 2022 negative
Disclosure
Seibel: A fake advisor took 2% equity and failed to raise our round
“I had a fake advisor who literally took. Two percent of our company. To help us fail at raising a round that was rescued by our existing inside investors.”
Michael Seibel Oct 28, 2022 ▶ 19:35 The Truth About Y Combinator · Y Combinator
Oct 28, 2022 bullish
Assertion Not checkable as stated
Seibel: YC Summer 2022 batch valuations held steady at $15M–$25M caps
“Prices are almost exactly the same as they were during the last batch when it was like VC heaven on earth and money was flowing like crazy. We saw. 15 to 25. Some companies raised at 30. Almost no change from the last batch.”
Michael Seibel Oct 28, 2022 ▶ 13:01 The Truth About Y Combinator · Y Combinator
Oct 28, 2022 positive
Assertion Not checkable as stated
Seibel: Typical YC S22 Startup Received 10 to 70 Inbound Investor Emails
“Like, a typical company in this batch got between 10, and I've seen 60 or 70 investors cold emailing them. Wanting to learn about investing in their company.”
Michael Seibel Oct 28, 2022 ▶ 16:01 The Truth About Y Combinator · Y Combinator
Oct 28, 2022 negative
Opinion
Seibel argues that misconceptions about Y Combinator are deliberately designed attacks
“What are some of the other misconceptions that you saw that were, you know, obviously, I mean, I would argue like obviously designed to try to convince people to not do YC. Like these were like designed attacks on YC.”
Michael Seibel Oct 28, 2022 ▶ 6:40 The Truth About Y Combinator · Y Combinator
Oct 28, 2022 positive
Assertion Not checkable as stated
Seibel: S22 seed investors committed in 1–2 meetings without board demands
“Didn't see any change on speed. You know, we saw investors going from meeting to commitment within one to two meetings. Didn't see any difference on terms. Like, you know, investors weren't demanding board seats or weird craziness.”
Michael Seibel Oct 28, 2022 ▶ 13:19 The Truth About Y Combinator · Y Combinator
Jan 11, 2023 negative
Insight
Seibel: Monetizing startups should track revenue rather than registered users
“For companies who charge their customers money, somehow creating a goal incremented in something that's not money Hey, my product costs 10 dollars a month, but I'm measuring registered users. I want to hit, you know, a thousand registered users, and it's like,…”
Michael Seibel Jan 11, 2023 ▶ 3:41 The Secrets To Setting Smarter Goals · Y Combinator
Jan 11, 2023 negative
Insight
Seibel: Hiring more employees to move faster is a founder lie
“It's always about moving fast. That's the lie. It's like, if we had this, we could finally move as fast as like, you know, we could finally build all the things that I want us to build.”
Michael Seibel Jan 11, 2023 ▶ 16:36 The Secrets To Setting Smarter Goals · Y Combinator
Jan 11, 2023 negative
Insight
Seibel: Maximizing fundraising leads to lost control and impossible pivots
“Often you lose control of your company. So like when you confront the challenges, suddenly, you know, your board can fire you. Often you find yourself burning tons of money because all the people who gave you money expect you to spend it. Oftentimes you have t…”
Michael Seibel Jan 11, 2023 ▶ 15:09 The Secrets To Setting Smarter Goals · Y Combinator
Jan 11, 2023
Insight
Seibel: Employees copy founder behaviors because founders define company success
“They will copy what you're doing because you define success in your company.”
Michael Seibel Jan 11, 2023 ▶ 27:23 The Secrets To Setting Smarter Goals · Y Combinator
Jan 11, 2023 neutral
Insight
Seibel: YC Evaluates Progress on Hard Problems, Not Arbitrary Goal Metrics
“First of all, we're not grading. We're not your teacher. We're not your boss. And second of all, like your job is to work on the hardest problem in your company like that. Like if you've made progress on the hardest problems in your company, you're doing well.”
Michael Seibel Jan 11, 2023 ▶ 12:15 The Secrets To Setting Smarter Goals · Y Combinator
Jan 11, 2023 negative
Insight
Seibel: Overly aggressive startup goals demotivate founders and stem from fear
“When people set goals that are so aggressive, they aren't motivational. And they're basically missing the understanding of what the purpose of setting a goal is, right? Like you want to motivate yourself to act smarter, faster, more intelligently than you woul…”
Michael Seibel Jan 11, 2023 ▶ 1:28 The Secrets To Setting Smarter Goals · Y Combinator
Jan 11, 2023 neutral
Insight
Seibel: Successful Founders Spend Negligible Time on Angel Investments
“When you're a good founder, oftentimes you know other good people, and the opportunity you have to give them money requires almost no time or effort, and so you just, and like, if you're a good founder, oftentimes people are offering you Deals. And so like, yo…”
Michael Seibel Jan 11, 2023 ▶ 24:43 The Secrets To Setting Smarter Goals · Y Combinator
Jan 11, 2023 positive
Disclosure
Seibel: Brian Chesky Angel Invested in Socialcam via a Brief Email
“I remember when I was starting social cam, I emailed Brian Chesky saying, do you want to angel invest? He was like, sure. That's it. Like that was like, that was the entire time that he spent probably less than”
Michael Seibel Jan 11, 2023 ▶ 25:25 The Secrets To Setting Smarter Goals · Y Combinator
Feb 5, 2023 negative
Insight
Conformist startup founders mistakenly treat investors as their customers
“You know, one of the things that we say sometimes at YC is that don't make the investor your customer. But a lot of these conformists who are getting into startups, that's what they do. Like they want an idea an investor is going to like, they want to act the …”
Michael Seibel Feb 5, 2023 ▶ 9:07 The Cult of Conformity in Silicon Valley · Y Combinator
Feb 5, 2023 neutral
Assertion Contradicted
The average YC company dies; getting admitted means you accomplished nothing
“The average YC company dies. Like you literally have accomplished in the scale of making any impact on the world, getting into YC means you've accomplished nothing.”
Michael Seibel Feb 5, 2023 ▶ 16:24 The Cult of Conformity in Silicon Valley · Y Combinator
Feb 5, 2023 neutral
Opinion
Being an investor is the highest-status job in early-stage tech
“The highest status job in the early stage startup world is investor, right? It's the one everyone wants to meet, everyone's talked to, everyone seeks approval to.”
Michael Seibel Feb 5, 2023 ▶ 8:40 The Cult of Conformity in Silicon Valley · Y Combinator
Feb 5, 2023
Insight
High-status careers like finance appeal to ambitious students by replicating school
“Finance, consulting, law, medicine, those were the like easy ones. And they had a lot of the characteristics of school. Like there was a clear application process. There was a clear steps. These steps were kind of imposed upon you. Like the, it was a very comf…”
Michael Seibel Feb 5, 2023 ▶ 3:08 The Cult of Conformity in Silicon Valley · Y Combinator
Feb 5, 2023
Insight
Great founders bet on their learning capacity over their day-one skills
“What's funny is that like, once again, that's typically not based on the skill that they come in with day one. It's always based on their assumption that they can accomplish whatever needs to be accomplished or learn whatever needs to be learned or meet any ch…”
Michael Seibel Feb 5, 2023 ▶ 13:59 The Cult of Conformity in Silicon Valley · Y Combinator
Feb 5, 2023 negative
Opinion
Big Tech is now a conventional prestige industry like finance and medicine
“Today, I might argue that big tech has become put itself solidly in that list, right? It is amongst the finance and consulting and legal and medicine. You know, college kids today obsess with getting jobs at Facebook and Google. They study how they interview J…”
Michael Seibel Feb 5, 2023 ▶ 6:16 The Cult of Conformity in Silicon Valley · Y Combinator
Feb 23, 2023
Assertion Not checkable as stated
Seibel: Most YC office hours diverge entirely from founders' initial questions
“60 to 80% of the time, a founder will go into office hours with one question, and we won't even end up talking about that thing. Like, that's not the actual question.”
Michael Seibel Feb 23, 2023 ▶ 5:48 The Hard Conversations Founders Don't Want to Have · Y Combinator
Feb 23, 2023 negative
Insight
Seibel: Founders Mistakenly Use Advisors as a Shortcut for Customer Research
“One is this assumption that we are like godlike advisors with complete understandings of every user base and every problem in the world. And like, They can kind of like shortcut talking to users if they just spend enough time talking to us. And so that one is …”
Michael Seibel Feb 23, 2023 ▶ 10:14 The Hard Conversations Founders Don't Want to Have · Y Combinator
Feb 23, 2023 positive
Disclosure
Seibel: Early YC Advising Failed by Prioritizing Fun Over Hard Feedback
“And I think as an, as a YC partner in the early days, I think I measured my effectiveness based on how much fun founders had talking to me. And only after a couple of batches that I realized that doesn't really do anything. And then when I started having hones…”
Michael Seibel Feb 23, 2023 ▶ 2:04 The Hard Conversations Founders Don't Want to Have · Y Combinator
Feb 23, 2023
Insight
Seibel: First Mentorship Conversations Are Often Wrong, Requiring Constant Self-Questioning
“In fact, I might argue in many times, the first conversations we have are wrong. I think the only thing that we do well is we continuously ask ourselves, are we lying to ourselves?”
Michael Seibel Feb 23, 2023 ▶ 18:58 The Hard Conversations Founders Don't Want to Have · Y Combinator
Feb 23, 2023 positive
Insight
Seibel: Great startup employees are motivated, not discouraged, by severe bad news
“I've been often surprised at like sharing bad news. Like, oh, we only have two months of runway. Right. I would think would be demotivating, but for great startup employees, they're like, all right, how the fuck are we going to fix this? And then you can get j…”
Michael Seibel Feb 23, 2023 ▶ 18:00 The Hard Conversations Founders Don't Want to Have · Y Combinator
Apr 14, 2023 positive
Insight
Seibel: Customers Forgive Startup Mistakes If Founders Genuinely Care
“And I think you might find that with your customers, like, even if you screw up, like, if you really care and you're really helping them, they're not gonna fire you. They're not gonna fire you. It's, it is so rare to find products or people who actually care. …”
Michael Seibel Apr 14, 2023 ▶ 10:50 The Student's Guide To Becoming A Successful Startup Founder · Y Combinator
Apr 14, 2023
Disclosure
Seibel: Non-technical founders feel borderline useless in early startup stages
“I was the business guy who didn't know how to code and literally I would say there are many moments in the early stage of a company where I felt borderline useless, and certainly I didn't have the power to impact the product anywhere near as much as my other t…”
Michael Seibel Apr 14, 2023 ▶ 2:52 The Student's Guide To Becoming A Successful Startup Founder · Y Combinator
Apr 14, 2023 positive
Insight
Seibel: Anyone Can Learn Basic Design by Copying Online Examples
“This is a skill that anyone can grasp for. And like, there's examples of good design and bad design all over the internet, right? So you can easily copy.”
Michael Seibel Apr 14, 2023 ▶ 4:42 The Student's Guide To Becoming A Successful Startup Founder · Y Combinator
Apr 14, 2023 positive
Insight
Seibel: Startups function because the ecosystem is a high-trust environment
“I think that the thing you should understand about the startup world is that a lot of it works because of honesty. A lot of the reasons why early adopting customers will use you is because like They think you're going to be honest. A lot of reasons why investo…”
Michael Seibel Apr 14, 2023 ▶ 18:44 The Student's Guide To Becoming A Successful Startup Founder · Y Combinator
Jun 30, 2023
Insight
Seibel: Startups must copy because innovating everything is impossible
“Maybe the base conclusion here is that you have to do some copying. You cannot innovate everything.”
Michael Seibel Jun 30, 2023 ▶ 13:41 Silicon Valley's Cargo Culting Problem · Y Combinator
Jun 30, 2023 negative
Assertion Not checkable as stated
Seibel: During Facebook's rise, startups believed charging users was forbidden
“Charging users was against the rules.”
Michael Seibel Jun 30, 2023 ▶ 5:11 Silicon Valley's Cargo Culting Problem · Y Combinator
Jun 30, 2023 negative
Insight
Seibel: High valuations mislead founders into thinking unproven startups are working
“And I think that, unfortunately, these valuations have gotten people all messed up in the head. Like, they think that if investor thinks it's worth a billion dollars, it's working.”
Michael Seibel Jun 30, 2023 ▶ 11:39 Silicon Valley's Cargo Culting Problem · Y Combinator
Jun 30, 2023 negative
Opinion
Seibel: Startups copied extreme strategies that Uber never actually practiced
“What's funny about maybe these Uber ones that are slightly different from the Facebook and Google ones is like, I don't think Uber even did these things.”
Michael Seibel Jun 30, 2023 ▶ 5:59 Silicon Valley's Cargo Culting Problem · Y Combinator
Jun 30, 2023 positive
Assertion Not checkable as stated
Seibel: Investors funded Uber's expansion because of strong local unit economics
“People who were investing in Uber were looking at markets where Uber was doing very well in unit economics and purposely funding them to expand quickly. It wasn't people looking at Uber serving no markets well, burning money left and right, and saying, oh, let…”
Michael Seibel Jun 30, 2023 ▶ 9:08 Silicon Valley's Cargo Culting Problem · Y Combinator
Aug 1, 2023 positive
Insight
Seibel: Moving to the Bay Area is an easy startup multiplier
“Getting into the Bay Area is so relatively easy to all the other things you have to do to succeed. Choosing where to live is so relatively easy to all the other things you have to choose correctly. Why not pick up the easy wins? It's an easy percentage multipl…”
Michael Seibel Aug 1, 2023 ▶ 14:19 Does Your Startup Need To Be In San Francisco? · Y Combinator
Aug 1, 2023 bullish
Assertion Not checkable as stated
Seibel: Everyone who left the Bay Area during COVID returned
“You and I both saw a lot of people leave the Bay Area during COVID. All of them came back and they all said this.”
Michael Seibel Aug 1, 2023 ▶ 10:01 Does Your Startup Need To Be In San Francisco? · Y Combinator
Aug 1, 2023 negative
Insight
Seibel: Building in Austin, Seattle, or New York is settling
“It's really easy to say, well, you know, I can be in the game in Austin. I can be in the game in Seattle. There are investors there. There are people there. I can be in the game in New York. And I wish that we were more honest that like, yeah, you can play bas…”
Michael Seibel Aug 1, 2023 ▶ 12:03 Does Your Startup Need To Be In San Francisco? · Y Combinator
Nov 1, 2023 positive
Insight
Seibel argues engineers learn much faster at a startup than at Google.
“I think most people don't realize that, like, you can learn at a startup pace or you can learn at a Google pace, and like, a startup is an amazing opportunity to learn. So if you're getting better, faster than your peers who are in big tech, You might be getti…”
Michael Seibel Nov 1, 2023 ▶ 11:15 How To NOT Get Screwed As A Software Engineer · Y Combinator
Nov 1, 2023 negative
Insight
Seibel warns college student developers are often treated as typers without equity.
“And then I guess, you know, last but not least is the college student who, like, in most cases isn't even offered equity. Like, that's like, you know, they're just the typer.”
Michael Seibel Nov 1, 2023 ▶ 6:34 How To NOT Get Screwed As A Software Engineer · Y Combinator
Nov 1, 2023
Insight
Seibel says essential scale-up engineers should expect life-changing upside, not bonuses.
“I would say if you're in the scale up, And you are the essential engineer. The test I would kind of ask myself is, is if this thing works, are you going to make a life changing amount of money? And, you know, I would argue that like, you know, that doesn't mea…”
Michael Seibel Nov 1, 2023 ▶ 5:01 How To NOT Get Screwed As A Software Engineer · Y Combinator
Nov 30, 2023 positive
What-if
Seibel: Twitch would have failed without his three technical co-founders
“I was the single non-technical person on a four-person co-founding team at JustinTV and Twitch, and like I'll just make it plain, without my three other co-founders, none of that shit happens.”
Michael Seibel Nov 30, 2023 ▶ 4:49 How To Build A Tech Startup With No Technical Skills · Y Combinator
Nov 30, 2023 positive
Insight
Seibel: Aspiring non-technical founders should work at a startup first
“Sometimes the number one thing to do if you're in this position is to not start the company right now. Is to go get a job at a startup. Is to go change the people you know. And What's so interesting is that, like, sometimes taking that step sideways is the eas…”
Michael Seibel Nov 30, 2023 ▶ 10:10 How To Build A Tech Startup With No Technical Skills · Y Combinator
Nov 30, 2023 negative
Insight
Seibel: Non-technical founders assessing engineers causes compounding team degradation
“And I think the even scarier thing about this is that, like, when you start with a team of business people assessing engineers, and they are naturally gonna start by hiring worse engineers, all of your future engineers are high negative effects.”
Michael Seibel Nov 30, 2023 ▶ 9:02 How To Build A Tech Startup With No Technical Skills · Y Combinator
Nov 30, 2023 negative
Insight
Seibel: Using dev shops instead of technical co-founders ruins startups
“I couldn't find tech and co-founder, so I just moved to the next challenge. I hired some engineers, or I got a dev shop, and, like, nothing will keep me Well, hold me back. And what's so sad about that way of thinking about it is that like, one, the percentage…”
Michael Seibel Nov 30, 2023 ▶ 2:50 How To Build A Tech Startup With No Technical Skills · Y Combinator
Nov 30, 2023 positive
Insight
Seibel: Great business founders stand out by recruiting top technical co-founders
“The best business founders Recruit amazing technical co-founders. And that is how they distinguish themselves. That is the number one distinction. So it's not what's on your resume, where you worked, the fact that you were some fancy executive, that you're tal…”
Michael Seibel Nov 30, 2023 ▶ 1:25 How To Build A Tech Startup With No Technical Skills · Y Combinator
Dec 21, 2023 positive
Insight
Seibel: Major societal change agents were default optimists
“If you really care about those problems, you have to be optimistic to try to solve them. And like some of the people who are like the biggest social critics or the biggest revolutionaries or the biggest change agents in our society were default optimistic.”
Michael Seibel Dec 21, 2023 ▶ 15:22 Techno Optimism, Explained · Y Combinator
Dec 21, 2023 neutral
Insight
Seibel: Expecting technological advancement without negative trade-offs is magical thinking
“It's magical thinking to think that we get all the things we spent the first chunk of the video talking about, and there's nothing bad. That's magical. That's like, that's not being an adult.”
Michael Seibel Dec 21, 2023 ▶ 12:13 Techno Optimism, Explained · Y Combinator
Dec 21, 2023 positive
Assertion Supported
Seibel: Extreme Poverty and Child Mortality Fell Sharply Over Past Few Decades
“The number of people living in extreme poverty is less. The number of kids living longer. Once again, we're not talking about the difference between, like, the Civil War era and today.”
Michael Seibel Dec 21, 2023 ▶ 5:30 Techno Optimism, Explained · Y Combinator
Dec 21, 2023 neutral
Insight
Seibel: Successful Startups Take 12 Years to Pay Off
“The ones that work take like 12 years to work, right? So it's like even for the ones that do well, like you don't make money fast being an early stage startup investor.”
Michael Seibel Dec 21, 2023 ▶ 0:54 Techno Optimism, Explained · Y Combinator
Feb 29, 2024 negative
Insight
Founders often forget to ensure they enjoy helping their target customer
“Another way I like to think about that is to convince yourself this customer is worth helping. Like you're going to enjoy spending time with this customer. And I find a lot of founders kind of want to skip That part.”
Michael Seibel Feb 29, 2024 ▶ 5:26 Building Confidence In Yourself and Your Ideas · Y Combinator
Feb 29, 2024 negative
Insight
If nobody uses your product, it is not an MVP
“If you can't get anyone to use your MVP, it's probably not an MVP.”
Michael Seibel Feb 29, 2024 ▶ 16:59 Building Confidence In Yourself and Your Ideas · Y Combinator
Feb 29, 2024 positive
Insight
Failed founders who learned remain motivated, unlike aimless pivoters
“Like, the folks who learned and didn't succeed are often motivated to go out and do it again, or go work in a company in that space. Like, this is an additive experience in their life, even if their shop didn't work. The ones who do the random walk, like they …”
Michael Seibel Feb 29, 2024 ▶ 15:52 Building Confidence In Yourself and Your Ideas · Y Combinator
Feb 29, 2024 positive
Insight
Startups that learn before pivoting make actual forward progress
“A company that will build something, learn over a period of time, and then pivot will often pivot from a place of knowledge and like actually continue to make forward progress.”
Michael Seibel Feb 29, 2024 ▶ 13:45 Building Confidence In Yourself and Your Ideas · Y Combinator
Feb 29, 2024 negative
Insight
Big tech alumni fail by treating startups like consulting projects
“I also think that if you come from a big company, either in product or engineering, more often than not, you've never solved your own problem. Like you're working on other people's problems. And so I think that your instinct when you start a company is like al…”
Michael Seibel Feb 29, 2024 ▶ 3:27 Building Confidence In Yourself and Your Ideas · Y Combinator
Mar 21, 2024
Assertion Not checkable as stated
Seibel: Every Successful YC Story Began With Widely Dismissed Idea
“Well, I think that's what's so funny is because that's the, every successful YC story, that's the story in hindsight, right? It's like, everyone thought the idea sucked. It was off trend because it was off trend.”
Michael Seibel Mar 21, 2024 ▶ 21:15 Why Founders Shouldn't Think Like Investors · Y Combinator
Mar 21, 2024
Insight
Seibel: Founders should unfollow accounts and media promoting investor-style thinking
“Diagnose why you started thinking this way, and if that means, like, unfollowing some people on Twitter, or not reading certain publications, like, to do it. We're susceptible to the inputs that come to our mind, and like, the easiest way we do this is turn th…”
Michael Seibel Mar 21, 2024 ▶ 17:02 Why Founders Shouldn't Think Like Investors · Y Combinator
Mar 21, 2024 negative
Insight
Seibel: Many Founders Pitch Contrived Views That Sound Like Investors
“You start having conversation with the founder, and you'll actually feel like you're talking to an investor, to a VC. And you're like, but what about your passion? Like, what, what's your opinion? Like, what do you care about? And it's all kind of like, contri…”
Michael Seibel Mar 21, 2024 ▶ 2:09 Why Founders Shouldn't Think Like Investors · Y Combinator
Mar 21, 2024 negative
Insight
Seibel: Many founders gear up for customer 100 before securing customer one
“I see a lot not even engaging in the zero to one, like, you know, they're hiring a bunch of people, getting an office, like they almost Forget they have to get the first customer and they start gearing up for customer 100.”
Michael Seibel Mar 21, 2024 ▶ 13:04 Why Founders Shouldn't Think Like Investors · Y Combinator
Mar 21, 2024
Insight
Seibel: Founders cannot eliminate the high-risk, low-information nature of startups
“I think that we have to admit in the startup game, you're going after like a high risk, low information, And high commitment bet. And there aren't moves to change those core things, right? Like, yeah, you can invest in the margin, but it's still going to be hi…”
Michael Seibel Mar 21, 2024 ▶ 9:28 Why Founders Shouldn't Think Like Investors · Y Combinator
Mar 21, 2024 neutral
Insight
Caldwell: Startup Investing Experience Does Not Make Acquiring First Customers Easier
“No matter what I know from investing in startups, that does not mean getting first customers is going to be easy for me or for Michael or for anyone. It is freaking hard. And this zero to one is always the trap.”
Dalton Caldwell Mar 21, 2024 ▶ 11:52 Why Founders Shouldn't Think Like Investors · Y Combinator
Jul 12, 2024 positive
Insight
Seibel: Users will retry a startup product even after disliking launch version
“I think a secondary piece of pop culture knowledge is that if people try your product once and they don't like it, they'll never try it again.”
Michael Seibel Jul 12, 2024 ▶ 3:23 Why Startup Founders Should Launch Companies Sooner Than They Think · Y Combinator
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