Secrets of Successful Founders: Prioritizing Execution, Accountability, and Communication | Michael Seibel
This article is a summary of a YouTube video "What Makes The Top 10% Of Founders Different? - Michael Seibel" by Y Combinator
TLDR Great startup founders prioritize execution, accountability, and effective communication skills to achieve success.
Key insights
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Interacting with over 2,500 founders, Michael Seibel has formed a strong opinion on what separates the top 10% of founders from the rest.
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The top 10% of founders possess formidable determination and resilience.
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"It's pretty intimidating to work with someone who's constantly getting things done, not intimidating in a bad way but intimidating in a way where they demand respect because they get things done."
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The ability to execute is crucial for success as a founder, but equally important is the ability to communicate effectively.
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The best founders can in one or two sentences explain exactly what their business does and they can explain it to a customer, an investor, their mother, or anyone of any level of knowledge about their industry.
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The ability to clearly communicate what they're working on is a crucial trait that sets the top 10% of founders apart from others.
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The top 10% of founders stay motivated and passionate about solving problems, even in the face of failure and bad decisions.
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"I never use idea to separate out great founders from anyone else because I'm not the arbiter of what a good idea is and I don't have perfect experience in every problem."