Revolutionizing Communication: Insights from Ron Conway at Startup School 2013

Name: Revolutionizing Communication: Insights from Ron Conway at Startup School 2013
Uploaded: 2023-03-09 21:31:02
Description: Social apps have the potential to change communication and behavior, creating a huge opportunity for companies in this space, and startups should focus on finding investors who can add the most value.

This article is a summary of a YouTube video "Ron Conway at Startup School 2013" by Y Combinator

TLDR Social apps have the potential to change communication and behavior, creating a huge opportunity for companies in this space, and startups should focus on finding investors who can add the most value.

Timestamped Summary

💰

00:00
Mike invested in Twitter after meeting founder Evan Williams through his incubator, and was impressed by Jack Dorsey's product vision of a platform with a 140 character limit.
📈

03:43
Facebook's rapid growth and user adoption, along with Sean Parker's reputation, led to successful investments.
💰

06:49
Social apps like Facebook, Twitter, Instagram, and Snapchat have the potential to change communication and behavior, creating a huge opportunity for companies in this space.
📌

10:09
Pinterest was founded by Ben Silbermann and his team, who focused on creating a platform for people to share their aspirations.
💰

12:31
Startups should focus on finding investors who can add the most value, not just on valuation and dilution, as demonstrated by Airbnb's negotiation with Andreessen Horowitz.
💰

15:52
Pick the right investor, move quickly, and confirm commitments in writing to avoid failed transactions and memory lapses.
💼

20:47
Hire and fire fast, have a clear vision, and be a team builder and leader to manage a successful company.
📱

24:26
The internet has shifted to mobile, with social apps and design being most important, leading to changes in company locations and intellectual property.