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
How I Made My First Million Dollars Part 2 | Ask Mr. Wonderful Shark Tank's Kevin O'Leary
Hey, Mr. Wonderful here, and welcome to another episode of Ask Mr. Wonderful. Now, this week, as always, has been brought to you by questions from the audience, which I think is the best way to do this. There are two that I found absolutely fascinating, k…
Writing algebraic subtraction expressions | 6th grade | Khan Academy
We have different statements here that can each be expressed as an algebraic expression. As you might have guessed, I would love you to pause this video and try to write each of these statements as an algebraic expression before we do it together. All ri…
Rewriting square root of fraction
So we have here the square root, the principal root of one two hundredths. What I want to do is simplify this. When I say simplify, I really mean I want to, if there’s any perfect squares here that I can factor out to take it out from under the radical. I…
Celebrate 10 years of Khan Academy! 🎂
Hello teachers, Sal here from the not-for-profit Khan Academy, and I just wanted to thank you for all of your partnership over the last 10 years. All of us here at Khan Academy—it’s much more than me now. We’re over 200 folks, including researchers, teac…
Zero pairs worked example
We’re told this is the key for the integer chips. So this yellow circle with a plus is equal to one. This, I guess, pinkish Circle, Peach Circle, with a minus, that is equal to negative one. Consider the following image. And so that we have a bunch of th…
Crowding out | AP Macroeconomics | Khan Academy
In this video, we’re going to use a simple model for the loanable funds market to understand a phenomenon known as crowding out. This is making reference to when a government borrows money; to some degree, it could crowd out private sector borrowing and i…