Summary of Startup Playbook

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Startup Playbook summary
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Rating

7 Overall

8 Applicability

7 Innovation

6 Style


Recommendation

In this beginner’s guide to start-ups, Sam Altman of start-up accelerator Y Combinator presents a frank account of what to expect when you launch a new business. He reveals common mistakes that founders make, such as not having a viable idea or trying to sell a product that customers don’t love. He also describes the skills and personality traits a founder must have to drive a start-up to success and explains how to avoid becoming demoralized in the process. getAbstract recommends this playbook to anyone who would like a realistic view of how start-ups work.

In this summary, you will learn

  • What skills and traits a start-up founder should have,
  • How to tell if your idea or product is good enough, and
  • How to make your start-up profitable.
 

About the Author

Sam Altman is an entrepreneur, programmer, blogger, venture capitalist and the president of Y Combinator, a successful US start-up.

 

Summary

Start-ups involve hard work, but having four things will drastically improve your chances of success: “a great idea (including a great market), a great team, a great product and great execution.” Old ideas don’t inspire customers or investors, so wait until you have an original one. Communicate clearly...

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