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.
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.
Think globally and build for international markets by supporting multiple currencies, being flexible in design, and considering differences between Android and iOS ecosystems.
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.
Empowering engineers with business metrics is crucial for them to understand the impact of their work and love the company's mission.
: Pregnant woman impresses Survey Monkey with her determination during interview, highlighting the importance of strong leadership and company culture.
Starting a company now is easier with tightened capital markets and gained knowledge, prioritize understanding the market and building a strong culture.
Ask behavioral interview questions, set clear goals, trust employees, lead by example, and offer flexibility for family time to create a successful startup culture.
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.