YC Partner Kevin Hale walks us through the process of evaluating ideas and how founders should think about their startups.
You can find the lecture slides and transcript here: https://www.startupschool.org/videos/62
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00:00 - Why we're starting with evaluating ideas
1:25 - YC doesn't just fund companies with traction
2:50 - How can I predict if an investor will like my idea?
5:15 - A startup idea is a hypothesis
6:55 - The problem
10:55 - The solution
12:35 - The insight
14:00 - Founder's unfair advantage
15:00 - Market growing 20% a year
15:40 - Product 10x better
16:30 - Acquisition model
17:55 - Monopoly
18:50 - Threshold belief
19:10 - Miracle belief
20:10 - Example: YC
23:20 - Example: Wufoo