Tips for Starting a Successful Business from Hiroki Takeuchi
This article is a summary of a YouTube video "Hiroki Takeuchi" by Y Combinator
TLDR Starting a successful business requires starting early, surrounding oneself with the right people, solving a real problem, being persistent, embracing mistakes, and developing emotional resilience.
Lessons learned from GoCardless: start early, surround yourself with the right people, solve a real problem, and be persistent.
Attended student society promoting entrepreneurship, inspired to pursue internship with founders of a startup and later joined a start-up called Automatic in 2007.
💡 Two management consultants quit their jobs to start a business after struggling to settle on an idea, emphasizing the importance of taking action and not just brainstorming.
A group created a solution for collecting money for informal situations and presented it at Y Combinator's demo day.
Focusing on momentum is key to success, as mistakes are necessary for growth.
Embrace mistakes and develop emotional resilience to gain momentum and wiggle your way to success like the Airbnb founders did during their first thousand days.
Despite facing over 60 rejections, a startup team secured $1.5 million in funding from Excel and Passion Capital.
Starting a business is tough, but if you persevere and stay resilient, it will be a rewarding journey.