How We Pivoted 3 times In The 1st Month of YC
The text discusses the experience of a startup participating in Y Combinator (YC), an accelerator program. It emphasizes the importance of setting clear goals and maintaining extreme focus during the three-month program. For companies already selling products, these goals are often expressed in terms of Monthly Recurring Revenue (MRR). However, for pre-idea projects like the one discussed here, defining specific goals can be challenging. The text outlines the goals set by this startup: 50 meetings in the first month to define their project, a full implementation mode with an alpha version ready by the end of the second month, and either 10 Letters of Intent (LOIs) or 2-3 paying customers by the third month. The text also highlights how YC helped this startup reach its goals through group office hours, individual office hours, access to alumni for customer discovery, and emulation among startups in the batch. The author shares their experience of going through three pivots during the program, learning from potential customers and adjusting their product accordingly. They conclude by stating that meeting potential customers is the best leverage of time and that they accomplished their first month's goals.
Company
Airbyte
Date published
Feb. 18, 2020
Author(s)
John Lafleur
Word count
957
Hacker News points
None found.
Language
English