Seibel: Startups function because the ecosystem is a high-trust environment
Michael Seibel · The Student's Guide To Becoming A Successful Startup Founder · Y Combinator · Apr 14, 2023 · at 18:44
Y Combinator managing director Michael Seibel explains why honesty and high trust are necessary prerequisites for startup founders to attract customers, employees, and investors.
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“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 investors might give you money, why your co-founders might work with you, employee might work with you. A lot of reasons why people make things happen in the startup world is because we're in a high trust environment.”
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