Revolutionizing Communication: Insights from Ron Conway at Startup School 2013

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