Building a Successful Startup: Insights from Selina Tobaccowala at Female Founders Conf 2016
This article is a summary of a YouTube video "Selina Tobaccowala at the Female Founders Conference 2016" by Y Combinator
TLDR The key to building a successful startup is to prioritize understanding the market, building a strong culture, empowering employees, and communicating non-negotiables clearly.
Timestamped Summary
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Selina, CTO and president of SurveyMonkey, is teaming up with her Evite co-founder to start something new; aligning upfront with your co-founder on important considerations is key to success.
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04:55
Think globally and build for international markets by supporting multiple currencies, being flexible in design, and considering differences between Android and iOS ecosystems.
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07:22
Assemble a diverse board of directors early on to avoid relying solely on venture capitalists and seek help from executive recruiters to find a great mentor.
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10:26
Empowering engineers with business metrics is crucial for them to understand the impact of their work and love the company's mission.
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14:49
: Pregnant woman impresses Survey Monkey with her determination during interview, highlighting the importance of strong leadership and company culture.
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17:24
Starting a company now is easier with tightened capital markets and gained knowledge, prioritize understanding the market and building a strong culture.
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21:45
Ask behavioral interview questions, set clear goals, trust employees, lead by example, and offer flexibility for family time to create a successful startup culture.
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24:24
Figure out your non-negotiables and communicate them clearly to your team when starting a business, always prioritize revenue and positive gross margin, and be careful not to lose control through excessive funding.