Top Ways Startups Waste Money

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Название	:	Top Ways Startups Waste Money
Продолжительность	:	28.14
Дата публикации	:
Просмотров	:	180 rb

It's interesting to observe how many founders end up making costly mistakes repeatedly In my opinion, a major factor contributing to this pattern is the overwhelming stress and desperation that often accompanies the entrepreneurial journey The intense desire for positive change can lead to trying almost anything in the hopes of achieving success This eagerness to make a difference, coupled with the constant pressure to prove oneself, can sometimes cloud judgment and result in wasteful decisions As aspiring entrepreneurs, it's crucial for us to learn from these experiences, finding ways to strike a balance between enthusiasm and prudent decision-making By doing so, we can navigate the challenges of entrepreneurship more effectively and avoid falling into the trap of making the same costly mistakes
Comment from : rickitek gaaso

Omg if only I watched this 6 years ago 😂
Comment from : Sara

Harj's huge eyes' ADHD swiveling is so distracting lol Like an NPC from an early pc game
Comment from : romancandlefight

7:53 Count how many times the word "like" was said
Comment from : satvik choudhary

YC content is obviously great content The one downside is they don't spend enough time talking about the reverse of their guidelines They do tend to be a bit too academic for people playing in the entrepreneurship game You really can't make it one size fits all
Comment from : Wise

only if he stop saying "like" every 5 seconds
Comment from : TITANIUM PLATED

Great advice
Comment from : Aly Azfar

Thank you so much This is very timely
Comment from : Margaret Cezar

I love these so much, can we push the audio to the YC podcast as well? 🙏🏻
Comment from : Timothy Johnson

so enjoyable thank you
Comment from : praise williams

This is one of the most fantastic videos I have watched I can relate and I have learnt so much from this brbrThanks you guys!
Comment from : Sheikh Faizal

bGreat videos does anyone know of a good payment plan law firm that will do my investor contact with us/b
Comment from : TheConstitutionFirst

Great advice!
Comment from : JP

youtube/UyC9mcYcKAg
Comment from : Muhammad Khurram Jamil

I have done everything that's almost on this video, but especially advisors, lawyers in RP Will be definitely points that I will be more careful with Thanks!
Comment from : E A D

The issue with marketing spend is to think you have Market Fit too early so you're trying to scale your acquisition when you actually have not proven your product yet
Comment from : Pierre Foucart

Mrs Sophia is legit and her method works like magic I keep on earning every week with her new strategy
Comment from : Vivian Everleigh

The hard tech startup professor equity stake statement really seems to be the case from my perspective as well Most professor founders are more of an SAB member instead of a founder level employee working to build the company Giving them such a high equity stake (if you are a co-founder with them) seems crazy and rent seeking from their part
Comment from : David Wilson

Top Ways Startups Waste Money ?brOne word : DreamworldbrYou guys are a joke ^_^
Comment from : Celeste

The problem with not hiring a FAANG employee is that’s what investors are looking for Part of the judging factor is what team do you have that’s why
Comment from : michael cancino

YCombinator Hey you guys might want to hit up 85 South show
Comment from : l̸I̸l̸ʷI̸l̸l̸I̸I̸I̸ ,- (ˡⁱˡᴡ𝙸𝚕𝚕 𝙸𝙸𝙸)

why would you work to own nothing ?brthese fellas are dumb as
Comment from : XTREME NEWS STOKE

You funded Dreamworld, so
Comment from : 00shippou00

I'm so excited to have watched this and can cleanly say its super exciting to be in an under-developed country on this one we just really don't bother with much of this brbrBut on the question of technical advisors, we're in a rather new market in South Africa, do we bootstrap and just work on our product or do we pay the technical advisory fee and utilise the optimizations they offer to accelerate our entry into the market?
Comment from : Mlingani Matiwane

Ewww, why does this look so sanitised and rehearsed
Comment from : Ashwini Shukla

1 Hiring - get a big company bonafide guy, sebastianism - solve all problems, contractors br2
Comment from : ObscuredBy Clouds

I'd love to see a follow-up video to this one, summarised under by question: "what's the best money you've ever spent in your startup?"
Comment from : Felix Karanja

My family we jokes that we have a sixth sibling name "Somebody" as in "Somebody ate the ice cream" or "Somebody will make dinner" Who knew we really should have named him Sebastian!
Comment from : George Beier

4:02 What they are referring if anyone is interested, are the prophecies of the Great Monarch, in sum, in the medieval era they said a future unknown King will reign over a vast majority of the Earth, while the Antichrist will dominated the rest Interesting readings
Comment from : Diego Alvarado

Always cracks me up when you got millionaires in a vod using 20 USD microphones Mates, half the stuff you say is inaudible in that echo-y room you are sitting in
Comment from : ManzenshaAegis

Absolutely great advice, scaling is super hard for any company
Comment from : Venturi Life

I'm willing to pay you for necessary work relevant to the scope of the project I'm reluctant to pay for for unnecessary work that is outside the scope of the project or for your time to learn the relevant law (which you should have already been familiar with before taking the job and told me before taking the job if you weren't familiar)
Comment from : DBADaddy

beverything sounds like: LACK OF NEGOCIATION SKILLS you give away equity too early, too fast/b
Comment from : buravan15

Really? You’re going to learn iOS development from scratch Bad idea when needing a quality product done quickly Proper architecture and quality comes with years of experience
Comment from : hotdog 🌭

As a senior engineer the first ideas are pretty obvious if you worked in tech more than 3-5 years
Comment from : TottieGod

Love the honesty
Comment from : Hani Faraj, Realtor with Heller Murch Realty

By far my worse money wasted was on this high end for startups agency that was supposed to handle our back office stuff like HR and accounting it cost us $40k and we had to re do it all
Comment from : Ryan Robichaud

11
Comment from : BrodieTheAthlete

I can't waste money cause I have none to begin with
Comment from : Caleb

Sometimes contractors are the only people getting the work done The employees get paid even if they don't finish the project and hard to fire in G10 countries Contractors get kicked out when they don't deliver
Comment from : Touch Yosh

4:21 6:02 8:09 9:17 10:43 11:02 13:29 14:50 15:09 16:25 21:18 22:00 23:13 23:59 25:00 25:30 That's very good advice
Comment from : Harrison

$10k a month retainer for press?brbrWow, I'm undercharging! brbrUsually the press packages we do are a total spend of 10-15k not monthly
Comment from : ShopHunter

What tool do you use for the video and audio?
Comment from : Clément Baissat

I know some startups who have made an advisor equity pool , just to use it for bribing Thats Stupid as well as way too risky
Comment from : MAHAPRASAD NANDA

💩
Comment from : ROBIN minj

Serious Question, is Siebel drunk or high in this video (or just kind of douchey)??
Comment from : M B

Grow with Will - SEO, Sales & Entrepreneurship

As a startup, mistakes will affect you twice as hard than being established as a company already Very insightful video, I'm sure a lot of folks here learned a lot from this!
Comment from : Grow with Will - SEO, Sales & Entrepreneurship

Another 10 out of 10 episode One thing I discovered on the PR agencies is that you can just literally email the journalists directly Thats what we did and we got a story every time Used a template we got from YC on how to write the story brbrAlso one more danger of using ads I had to learn the hard way, is that in the beginning your tracking is incomplete So when you start using ads it looks like it is super cheap And only much later do you find that actually these customers dont have the average conversion later in the untracker funnel, or they spend less or they churn at a higher rate In our case all of the above - compared to incoming traffic which we were averaging them with and of course they would be better customers
Comment from : Sondre7

my question is why accelerator programs do not offer those static services to their startups so they can just focus on their business
Comment from : henri nyakarundi

This is 100 right on
Comment from : Zacchaeus Nifong

That is why I build never wasting investor money business model
Comment from : Herdi

1 mil in SEO will have a bigger impact
Comment from : ghastpie

The guy on the left reminds me of sid from ice age :)
Comment from : Ali Muhammed

Привет всем у меня радилась идея построить ракету и политеть в космос но поскольку я сам несмагу этого зделать я ишю себе каманду интузиастовкаторые хателибы самной строить ракету чтобы полететь в космос то пешите мне в личку
Comment from : Mars Alpha

me: Cant afford anything even the attorney that works for me is my friend, whom I basically bully to do things for me
Comment from : axel

Wasting money comes from the lack of focus on validation It's too tempting for early-stage founders to compare their startups with mature companies They have clients, suppliers, processes, shares, employees But once founders realize they must prioritize validation, they're able to question: "how much do I need to validate?", "How will this help me to validate?", etc
Comment from : Alexandre Azevedo

I had a doubt Lets say I have to develop an iOS app and in house developer is expensive So should I hire a contractor from developing country (service based companies)?
Comment from : Rock N Roll

woww this is an awesome video thanks for sharing :) subbed and liked ! a fellow creator
Comment from : Yasin Nabi

Unreal So so so true and spot on
Comment from : InfraSite - Infrastructure Solutions

Thank you - very helpful, especially your advice on advisors
Comment from : Mark G

Brilliant discussion I'm close to beta launch and hopefully won't fall into these traps As a non coder I built an entire back and front end myself With that knowledge I was able to hire a proper programmer in India to rebuild the front end and I trained her on backend Completely agree on not overspending on lawyers and marketing I'm bootstrapping so every dollar is precious
Comment from : rod

Interesting topic, well explained
Comment from : Victory Chinakwe

This part on ad spending from Brad is amazing: "The UI makes your feel really smart"
Comment from : Sydney Cohen

Awesome insights, please keep it up!!!
Comment from : Heorhi Talochka

Please talk about what startups waste too much time on
Comment from : Felix Huray

I'm not sure if you're aware of this, but you're a life saver!
Comment from : Sachintha Gamage

(21:59) simple explanation - when things go wrong, advisors get the blame When something is successful, the founders take the credit for themselves - it’s a human thing
Comment from : Christian Soschner

Interesting video How do you want your founders to move their company forward? Alone?brbrFor me bottom line is on all topics: hire or contract people within your budget that get the job done brbrIn case they don’t move things forward - cancel the contract
Comment from : Christian Soschner

Can you make your voice clearer?Especially Harj Taggar, I can't hear what he's saying
Comment from : 老衲法号JAZZ

What about lawyers that offer a deferred credit until your next round of fundraising?
Comment from : Gary Tokman

"these things are still kind of waste even post product market fit" 😂
Comment from : Anirudh

Wow so good, really nailed this topic
Comment from : Liron Shapira

Great video
Comment from : JustS

12:30 No joke, I am bquite literally/b at this very moment debating this and listing out ALL these pros hiring a PR person would bring It is so obvious, a no-brainer because I am the typical founder listed by Brad 😅 Thanks so much, you guys are a life-saver cause I'm definitely taking your advice here - DerickbrbrEdit: To add to this, I was actually considering a payment-equity split to "keep costs down" so it would have been a double whammy for sure 🙏😄
Comment from : Prostudy

Pre peoduct mark3t fit stqy dicipline
Comment from : Kanaya Naila

Once u get rpoduct market fit amd got custoker trying to get the product out of your hand amd have productbtahtbalready make money tahsg whem you spemd money in this stuff
Comment from : Kanaya Naila

Product msrkey fit
Comment from : Kanaya Naila

Dojtn paid advisor
Comment from : Kanaya Naila

Dony custimixe stuff u should mt custo,ize in lawyer case
Comment from : Kanaya Naila

Take experiemced lawyer
Comment from : Kanaya Naila

Dont hire lawfirm
Comment from : Kanaya Naila

Dont hire pr agency
Comment from : Kanaya Naila