What’s the best way to prioritize product features?

Sam Altman (President at Y Combinator)
Startup Playbook

When startups aren’t sure what to do next with their product, or if their product isnt good enough, we send them to go talk to their users. This doesn’t work in every case. It’s definitely true that people would have asked Ford for faster horses but it works surprisingly often. In fact, more generally, when there’s a disagreement about anything in the company, talk to your users.

What’s the best way to prioritize product features?

Sam Altman (President at Y Combinator)
Startup Playbook

Prioritization is critical and hard. (Equally important to setting the companys priorities is setting your own tactical priorities. What I’ve found works best for me personally is a pen-and-paper list for each day with ~3 major tasks and ~30 minor ones, and an annual to-do list of overall goals. )

What’s the best way to pitch your company to investors?

Sam Altman (President at Y Combinator)
What happened to innovation? – Sam Altman

A two-by-two matrix of progress in innovation (and ease of attracting investment) with software/physical on one axis and short-term/long-term on the other axis looks like this. Green is good, yellow is ok, and red is bad. https://phaven-prod.s3.amazonaws.com/files/image_part/asset/948806/gd5P6SxQ7LcBL_LP4XtEtlK9Jx4/medium_matrix.png

What’s the best way to navigate the fundraising climate?

Sam Altman (President at Y Combinator)
What to do if a bubble is starting – Sam Altman

The only thing that is cheap during a startup bubble is capital. Make sure you have enough money in the bank, and treat this money as the last money you’ll ever raise. Focus on a path to profitability. Resist the urge to ramp up to a crazy burn rate.