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Why Founders Shouldn't Think Like Investors

Why Founders Shouldn't Think Like Investors

14 segments available

It’s easy to analyze your way out of taking the first step. It’s something we see a lot, particularly when founders try to choose what to build based on what they think VCs and investors will like. In this episode of Dalton & Michael, we’ll talk about the risks of “thinking like an investor”, how to know when you’re stuck in this mindset, and how to unlearn it. We’ll also cover a short list of things that we’ve found actually matter when starting a company — it’s simpler than a lot of people think. Apply to Y Combinator: https://yc.link/DandM-apply Work at a Startup: https://yc.link/DandM-jobs Chapters (Powered by https://bit.ly/chapterme-yc) - 00:00 - Coming Up 00:24 - How VCs Think 03:05 - What Matters 04:56 - What's Changed 06:41 - First Principles 08:41 - Fear 10:06 - Positive Feedback 11:18 - First Customers 12:56 - Scaling 14:19 - Macro Vs. Micro 15:54 - Unlearning 17:22 - Time With Users 20:36 - Superpowers 21:42 - No Exit Strategy

Segments Timeline

1
0:00 - 0:26
0:26 duration62 words

Coming Up

"they measured 60 times cut once the cut didn't go well and some were like oh do I measure 60 more like [Music] what all right this is Dalton plus Michael and today we're going to talk about why Founde..."

2
0:26 - 3:06
2:39 duration466 words

How VCs Think

"thinking like a VC how does a VC how are they trained to think so let's break this down and I think to start with when we say VC we don't literally just mean venture capitalist this should include man..."

3
3:06 - 5:00
1:53 duration314 words

What Matters

"so everyone listening is got to ask well aren't we VCS y right like isn't this how a YC partner would think when reading application conducting interviews I think that's an excellent point here's the ..."

4
5:00 - 6:42
1:42 duration321 words

What's Changed

"like what's going on in a Founder's head that gets them to think this is how I should assess an opportunity this is how I should figure out whether I work on this idea or not yep is using these tools ..."

5
6:42 - 8:41
1:58 duration344 words

First Principles

"there's another way I see a lot of Founders attacking this a lot of Founders just think this way from first principles good VCS pick good companies and can predict the future yep if I can Model A good..."

6
8:41 - 10:08
1:27 duration285 words

Fear

"there I think there's another thing going on too which is fear-based right like I know that if I choose a bad de I'm going to waste a lot of time yeah shouldn't I do all of this analysis first to make..."

7
10:08 - 11:20
1:12 duration234 words

Positive Feedback

"I see a lot is that when you think like a VC it is easier to get positive feedback from VCS you know when you talk when you pick an idea because it's the hot thing on Twitter it's easier to get meetin..."

8
11:20 - 12:58
1:38 duration309 words

First Customers

"up the next topic perfectly so like all right I uh what happens when founders think like BCS and then encounter the real world yep so you did your analysis you've done your validation there's a big Ma..."

9
12:58 - 14:19
1:21 duration279 words

Scaling

"have this mentality some will kind of engage in the 0 to1 and kind of fail and like live in that zone I see a lot not even engaging in the 0 to1 like you know they're hiring a bunch of people getting ..."

10
14:19 - 15:55
1:36 duration324 words

Macro Vs. Micro

"it's funny when I was playing Starcraft way back in the day like people always talk about macro versus micro and I feel as though investors love macro macro you can you want an Excel spreadsheet yeah ..."

11
15:55 - 17:23
1:27 duration274 words

Unlearning

"Dalton I am a Founder I admit I'm thinking a VC and I don't want to what is the cure I think to start with this is a case of being good at in learning certain things that may not serve you at a at a c..."

12
17:23 - 20:36
3:13 duration600 words

Time With Users

"spending time with your users is a cure for this because your users don't care about macro at all no if you're if you're solving a problem for some industry they probably don't care about the fundrais..."

13
20:36 - 21:42
1:05 duration199 words

Superpowers

"think that um if you can resist this thinking like a BC I think what I've realized is you kind of have superpowers I think this virus has invaded a fairly large percentage Founders yes and so you actu..."

14
21:42 - 23:59
2:16 duration460 words

No Exit Strategy

"there's one more really important point I want to make on this which is we're trained to want to have the entire plan worked out yes and remember this is something that sometimes Founders do is they'r..."