Kathryn Minshew on Building a Successful Startup at Female Founders Conference 2016

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This article is a summary of a YouTube video "The Muse's Kathryn Minshew Speaks at the Female Founders Conference 2016" by Y Combinator
TLDR Building a successful startup requires prioritizing revenue models, hiring the right people, focusing on product development, and maintaining a strong company culture.

Timestamped Summary

  • 💼
    00:00
    Building a startup is tough, but it gets easier with experience.
  • 👥
    02:12
    As responsibilities increase with growth, having a smart executive team can help solve problems.
  • 🚀
    04:51
    Prioritizing revenue models and hiring a sales leader is crucial for sustaining success, while focusing on getting feedback and iterating is key for product development.
  • 💼
    06:41
    The Muse's successful and lasting business culture is based on hiring and attracting people who align with their six core values.
  • 👥
    08:27
    Culture is key: hire the right people, be honest about values, and avoid negative impacts; a company's decline in food offerings during a recession led to defensive behavior towards employees.
  • 💰
    10:18
    Raising money doesn't equal reckless spending; The Muse values transparency and company culture by sharing board decks and budgets with all employees.
  • 💰
    11:51
    Prioritize spending on what matters by having an open conversation about trade-offs and budget breakdown.
  • 💡
    13:20
    Remember your why and seek inspiration from users to overcome startup challenges.
Play video
This article is a summary of a YouTube video "The Muse's Kathryn Minshew Speaks at the Female Founders Conference 2016" by Y Combinator
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