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Startup Advice

Five points, someone Paul Graham, Co-founder of Y Combinator

Shradha Sharma434 Stories
Five points, someone Paul Graham, Co-founder of Y Combinator

Thursday August 01, 2013 , 1 min Read

Graham
Here are the five things that I have picked up from him:
  1. You can’t directly control where your thoughts drift. If you’re controlling them, they’re not drifting. But you can control them indirectly, by controlling what situations you get into. Be careful what you let become critical to you.
  2. Be relentlessly resourceful. If you want to know whether you’re the right sort of person to start a startup, ask yourself whether you’re relentlessly resourceful.
  3. Wealth is what you want, not necessarily money.
  4. To get rich, you need to get yourself in situations with two things, measurement and leverage. You need to be in a position where your performance can be measured, or there is no way of getting paid more. And you have to have leverage, in the sense that the decisions you make have a big effect and impact.
  5. In a startup, don’t just try to solve a problem; solve a problem that users care about.