Startup Success: Tips from David Lee at Startup School NY 2014

Timestamped Summary

• 🚀
  00:00

  David Lee of SVAngel shares insights on exciting opportunities for startup founders in mobile computing, drones, virtual-reality, Bitcoin, and bioinformatics, and emphasizes the importance of investing in the founder, not just the idea.
• 👨‍🔧
  03:58

  💰💬: Dad left his job to build fortune cookie machines, and despite the ups and downs of running a startup, he still loves what he does at 79.
• 🔍
  07:17

  SVAngel prioritizes founders over ideas, with effective communication skills being the most important trait for a startup founder.
• 💼
  11:06

  Entrepreneur pitches healthcare IT startup to investor at Y Combinator demo day, impressing with vision and articulation in 45 minutes.
• 👂
  14:03

  Good founders are great listeners who can synthesize multiple inputs, while inflexible founders who ignore inputs are not desirable.
• 💡
  17:10

  Founder's persistence and seeking feedback from investors led to Sequoia Capital investing in his company, emphasizing the importance of anticipating challenges and seeking help rather than just focusing on valuation.
• 💰
  21:28

  Choose investors wisely as they can provide valuable mentorship and support, even if their terms are less favorable.
• 💼
  24:30

  Building your reputation is crucial as a founder, and investing in it is the best career move in tech.