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.
Interacting with over 2,500 founders, Michael Seibel has formed a strong opinion on what separates the top 10% of founders from the rest.
The top 10% of founders possess formidable determination and resilience.
"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."
The ability to execute is crucial for success as a founder, but equally important is the ability to communicate effectively.
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.
The ability to clearly communicate what they're working on is a crucial trait that sets the top 10% of founders apart from others.
The top 10% of founders stay motivated and passionate about solving problems, even in the face of failure and bad decisions.
"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."