Posted by
wensing on Saturday October 16, 2010 @07:41PM
from the you-decide dept.
(
11 comments
| 36 points
|
on HN
)
Poll
Andy Bechtolsheim - Founder Arista Networks; Founder, Sun Microsystems
11 votes
Dalton Caldwell - Founder, Picplz; Founder, Imeem
44 votes
Brian Chesky - Founder, Airbnb
74 votes
Ron Conway - Partner, SV Angel
21 votes
Adam D'Angelo - Founder, Quora
12 votes
Paul Graham - Partner, Y Combinator; Founder, Viaweb
16 votes
Reid Hoffman - Partner, Greylock; Founder, LinkedIn
16 votes
Andrew Mason - Founder, Groupon
23 votes
Greg McAdoo - Partner, Sequoia Capital
7 votes
Tom Preston-Werner - Founder, GitHub
23 votes
Mark Zuckerberg - Founder, Facebook
24 votes
My favorite quote from all of the talks was something Reid Hoffman said. I don't remember the exact quote, but he said something like "A startup is a set of hypotheses that must be true in order for it to meet success."
I thought there was a lot of insight in that line. A big part of what we entrepreneurs do is make predictions about the market and, more broadly, about people in general. If our analysis is correct, and our prediction on the best way to exploit that analysis is correct, we have a very high probability of success. If we're living in a fantasy world (for various values of fantasy) then our analysis is flawed and it's much harder for our predictions to be correct. In order to be successful, an entrepreneur must see the world as it is. (Yet, as Brian Chesky illustrated, they must also possess tenacious endurance.)
Dalton Caldwell gave me a peek into a market that I've only heard vague stories about, which I thought was very interesting. As I've never sought funding, Paul Graham's talk did the same for a very different marketplace. I really liked those.
However, the most practical talk for me, personally, was probably Andrew Mason's talk or Adam D'Angelo's talk (despite its lackluster delivery). Those had the most takeaway for me.
I also caught a great one-liner from Reid (something to the effect of): "The big danger is not Google or Microsoft building your exact product -- they probably won't. The big danger is 1000 other startups building slightly similar, and you getting lost in the noise." (Except he said it better than I am restating it.) For me, that took a lot of things that I had understood but never really examined and crystallized them into an 'aha!' moment.
I liked Paul's entire talk quite a lot -- his thoughts on funding were typically well-stated and articulate, and it didn't hurt that they painted a hopeful picture for us as entrepreneurs. Hopefully the ripples of the changing investment structures in the Valley will spread to affect the general economy in a few years.
Find the flv file, copy the URL and download using wget or curl or whatever.