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Jared Friedman - Advice for Hard-tech and Biotech Founders

发布时间 2019-09-20 10:46:37    来源

摘要

YC Partner Jared Friedman covers hard-tech companies and why founders should consider starting one. He also covers a couple of the most common problems hard-tech companies face and how to solve them, with examples from seven YC companies. You can find the lecture slides and transcript here: https://www.startupschool.org/videos/78 Find more Startup School and YC content at https://www.startupschool.org/library. Chapters (Powered by https://bit.ly/chapterme-yc) - 00:00 - Introduction 00:36 - Outline 00:56 - What is a Hard Tech Company? 01:35 - Market vs Technical risk 02:06 - Why start a hard-tech company? 02:42 - Story about Boom 05:38 - Hard-tech and Biotech - Big part of YC 06:04 - Startup School 06:20 - How much of YC's advice applies to hard-tech founders? 07:05 - Two biggest problems specific to hard-tech 07:14 - Heavy MVP 07:58 - Boom - Do things that don't cost money 08:46 - Solute 08:47 - Solugen - Start small 09:35 - AirX - Launch a simplified version 10:22 - Notable Labs - Bootstrap with a service 10:45 - Astranis - Start with a proof of concept 11:33 - Ginkgo Bioworks - Sell it before you make it 12:24 - How do you prove people will want your product if it is not built yet? 12:49 - Pre Sales 13:27 - Letter of Intent (LOI) 14:20 - Advice about LOIs 14:43 - Fundraising for Hard-tech and Biotech companies 15:38 - A better fundraising plan 17:26 - Q&A 17:40 - AI companies 19:36 - Hard to get LOIs 20:53 - How do you prove that your idea is going to work? 22:15 - Sales 23:24 - Find founder and early employees for Hard-tech companies

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