yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

One Order of Operations for Starting a Startup by Michael Seibel


3m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

One order of operations for starting a startup. More often than not, when I talk to a talented technical person who's thinking about becoming a Founder, their number one blockers is that they don't have an idea. At some point during their formative years, they learned that every great startup started with a great idea. If the idea isn't amazing, usually as judged by peers, parents, or other people with little startup experience, the startup will fail.

"All right, why'd you write that?"

"I wrote that I think... I think you did write that. Now I think I've read that before."

"I wrote this because this is the number one excuse I hear from people who want to start a startup, right? And it's so interesting to me. I think that like there are all of these old entrepreneurial rules and business best practices that I think people just want to apply hand and glove to a new industry. And I think tech startups might be a little different.

"And so interestingly enough, like I don't even think people are really taught how to find ideas. So I feel as though people are sitting there saying I don't have an idea, and they don't even really understand a process by which to get one. Yeah, they think that it's supposed to like happen organically. Like it's almost like out of the cartoons where like a light bulb goes off the top of your head, and like that's not really how it works.

"And so what I wanted to do with this essay was give people a framework that they could try to use to come up with an idea. So instead of this being a passive process, it can be an active process. I think one of the things that like might be hard for people to see is like now being in this world for so long, I have a lot of friends who wanted to do a startup and didn't know what they wanted to do, and then came up with an idea and were very successful.

"And so like I've seen this happen with a lot of people, and so that's kind of where I've come up with this thought. So you break it out into one, two, three, four, several steps. So this is I'm going to outline, and then we can explain.

"So, the order of operations—here's where I'd start: Is there any particular problem that you're passionate about? The next step, once you decide on a problem, find some friends and brainstorm potential solutions to the problem. The next step, at this point, the most important thing to make that spark turn into a fire is to work together and build and launch an MVP.

"Yes, and that's basically it."

"Yeah, yeah, it's not that complex."

"No, it's hard, but it's not that complex."

"No, it's not. So, let's start at the beginning: a particular passion problem you're passionate about. So I think oftentimes... I'll give you the conversation that I had with a Founder. I was at a conference over the weekend called Afrotech, and there were a bunch of young people who wanted to start companies. There, this woman walked up to me, and she said, 'I have an idea. I'm doing a startup that helps other startups.'

"And I call this like a meta startup. And this is startups that I kind of don't like because it's like in some ways I think it's like a cop out. It's like, 'Hey, I want to help give other startups advice and guidance, but I haven't really done a startup myself.' And like, I don't know, it's just... it's not great.

"So I dug in. I was like, 'Okay, so what's a problem that you have?' And it was interesting. So the woman was a mother, and she said one of the problems I have is that there are a lot of places, when I go somewhere new, there are a lot of places where I don't know if I can use my stroller with my baby because it's like hard to get around. Or if I'm walking on a street, does it have, you know, the proper sidewalks and so forth?

"So I'd love like some type of product that would tell me what path I should take that's like stroller friendly. And I said to her, 'Okay, that's... but we're getting somewhere right now. We're not in like this meta idea; now we're actually solving a problem directly. Great.'

"But I asked her, 'Hey, can you judge this by two things? First one—how frequent is this problem?'"

More Articles

View All
The vowel-shift irregular verb | The parts of speech | Grammar | Khan Academy
Hello grammarians! We’re talking about vowel shifting in irregular verbs, which is gonna sound a little weird, but bear with me. To review what a vowel is super quick, a vowel is any sound that your mouth can make while your tongue isn’t touching your li…
Warren Buffett is BUYING! Pharmaceuticals in, banks out? (Berkshire Q3 13F)
So last quarter, Warren Buffett certainly, uh, shocked a lot of us with the sheer amount of selling that he did from his portfolio. I remember he sold out of seven positions entirely, which is very unlike Warren Buffett. Four of those positions were the b…
7 STOIC STRATEGIES TO MASTER YOUR EMOTIONS | STOICISM INSIGHTS
Welcome back to Stoicism Insights. Today, we’re diving into something truly special. Have you ever wondered how ancient Stoic philosophy can guide us through life’s toughest challenges? Well, get ready because we’re about to uncover seven profound Stoic l…
Politics and indigenous relations in the New England colonies | AP US History | Khan Academy
[Instructor] In the last video, we began discussing some of the similarities and differences between the English colonists who landed at New England versus those who landed in Virginia. Thanks to different reasons for migrating to the New World and a much…
Robinhood Just Got Cancelled - Again
What’s up you guys, it’s Graham here. So historically, they say that on average September is the worst month for the stock market, dating all the way back to 1950. Now whether or not that comes true for this month is yet to be seen, but I have to say the…
Elad Gil and Pejman Nozad - Startup Investor School Day 3
Just yesterday, the main topic was really focused on the hardest thing about investing, I think, which is how do you decide to invest? How do you go about making decisions? So we heard from Dalton, who talked about founder meetings, talked about the proc…