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Michael Seibel - How to get your first ten customers?
This is an AI-generated summary of a YouTube video "Michael Seibel - How to get your first ten customers?" by Y Combinator!

The video discusses the importance of personal connections and qualifying customers for a text summarization service that extracts key ideas and important events, and also mentions Facebook's new feature "Neighborhoods".

  • πŸ“
    00:00
    To find your first 10 customers, solve a problem that you or someone you know has.
  • πŸš€
    00:27
    Find your first 10 customers through personal connections rather than relying on scalable advertising or viral growth mechanisms.
  • πŸ’‘
    00:54
    Target customers who have a genuine problem, are willing to work with an early stage startup, and are willing to pay to solve the problem.
  • πŸ’°
    01:37
    Charge your customers to solve their problem and target those who intensely have the problem you're trying to solve.
  • πŸ’‘
    01:59
    Free services may indicate that the user does not actually have the problem the service is trying to solve.
  • πŸ’‘
    02:08
    Founders should qualify customers instead of trying to close the first 10 who walk in the door.
  • πŸ’¬
    02:20
    Ask potential recruits 4-5 questions to understand their problem intensity and willingness to move quickly.
  • πŸ’‘
    02:35
    Focus on getting qualified customers who answer the qualifying questions correctly and are willing to pay for the MVP, and make sure to have four to five qualifying questions to filter out non-serious customers.
AI-powered summaries for YouTube videos AI-powered summaries for YouTube videos
Michael Seibel - How to get your first ten customers?
This is an AI-generated summary of a YouTube video "Michael Seibel - How to get your first ten customers?" by Y Combinator!