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Note from Editors:
Let not your passion for your product wane. Continue building your product, that the consumers will like and use, and your chances of success will be doubled.

by Matt Weinberger


Sam Altman, the head of Silicon Valley’s prestigious Y Combinator accelerator program, shared in a blog entry some hard truths about the 75% failure rate of the startups that it mentors:

A lot of  get so caught up in the startup lifestyle that they forget to build their product. It’s a lesson that applies to all startups, Y Combinator or otherwise.

During the three months of the Y Combinator program, Altman writes, the companies grow nicely. Y Combinator has fostered high-profile startups like Airbnb, Dropbox, and Zenefits.

But then, after the program is over, “[growth] essentially flatlines” for some of the startups.

What happens to those startups is that they go on to focus more on speaking at conferences, talking to the media, or rearchitecting their infrastructure than they do at focusing on growth.

“In general, startups get distracted by fake work. Fake work is both easier and more fun than real work for many founders,” Altman writes.




Read the full article:

Curated from Y Combinator’s Sam Altman gives startup advice on doubling success rate – Business Insider

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