About this episode
Today’s episode is a preview of the Startup School podcast . We’re putting all the Startup School lectures on their own podcast feed. You can subscribe here: iTunes RSS This is the first lecture from Startup School 2019. It’s Kevin Hale on How to Evaluate Startup Ideas. It’s also not too late to sign up for Startup School . The course just started and the deadline to sign up is August 4th. Select companies who complete the course will also receive 15,000 dollars in equity-free funding. 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/ *** Topics 00:00 - Intro 00:42 - Why we're starting with evaluating ideas 2:07 - YC doesn't just fund companies with traction 3:31 - How can I predict if an investor will like my idea? 5:57 - A startup idea is a hypothesis 7:37 - The problem 11:37 - The solution 13:07 - The insight 14:42 - Founder's unfair advantage 15:42 - Market growing 20% a year 16:22 - Product 10x better 17:12- Acquisition model 18:37 - Monopoly 19:32 - Threshold belief 19:52- Miracle belief 20:42 - Example: YC 24:02 - Example: Wufoo