Summary of Startup Playbook

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Startup Playbook summary
Start getting smarter:
or see our plans

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 and say what will make you successful, such as a growing market, new technology and paying customers. Most people will hate your best ideas, but that’s no reason to give up. Keep pitching until you find someone who wants to help. Test your concept by launching it, or get a company to...


More on this topic

By the same author

Productivity
7

Customers who read this summary also read

Growth at All Costs Is Perilous
9
The Ugly, Unethical Underside of Silicon Valley
7
What I Learned from Developing Branding for Airbnb, Dropbox and Thumbtack
8
How WeWork Has Perfectly Captured the Millennial Id
8
Y Combinator Has Gone Supernova
8
Why Women-Owned Startups Are a Better Bet
8

Related Channels

Comment on this summary