Monday, 7 November 2011

The Launch Pad

The Launch Pad



Author: Randall Stross
Edition: 1ST
Publisher: Portfolio Hardcover
Binding: Hardcover
ISBN: 1591845297
Price:
You Save: 58%




The Launch Pad: Inside Y Combinator, Silicon Valley's Most Exclusive School for Startups



Number of teams that applied to Y Combinator’s summer 2011 batch: 2,089
Teams interviewed: 170
Minutes per interview: 10
Teams accepted and funded: 64
Months to build a viable startup: 3
Possibilities: BOUNDLESS
 
 
Investment firm Y Combinator is the most sought-after home for startups in Silicon Valley.The Launch Pad review. Twice a year, it funds dozens of just-founded startups and provides three months of guid­ance from Paul Graham, YC’s impresario, and his partners, also entrepreneurs and mostly YC alumni. The list of YC-funded success stories includes Dropbox (now valued at billion) and Airbnb (.3 billion).
 
Receiving an offer from YC creates the oppor­tunity of a lifetime — it’s like American Idol for budding entrepreneursRead full reviews of Exocet Am-39 - K041 - The Launch Pad Flying Mid-powered Rockets.

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Space Shuttle Atlantis on the launch pad
Space Shuttle Atlantis on the launch pad

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The Ares IX rocket is seen on the launch pad at Kennedy Space Center featured with Ares.

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Space Shuttle Atlantis on the launch pad
Space Shuttle Atlantis on the launch pad



The Launch Pad Reviews


Twice a year, it funds dozens of just-founded startups and provides three months of guid­ance from Paul Graham, YC’s impresario, and his partners, also entrepreneurs and mostly YC alumni. The list of YC-funded success stories includes Dropbox (now valued at billion) and Airbnb (.3 billion).
 
Receiving an offer from YC creates the oppor­tunity of a lifetime — it’s like American Idol for budding entrepreneurs.
 
Acclaimed journalist Randall Stross was granted unprecedented access to Y Combinator’s summer 2011 batch of young companies, offering a unique inside tour of the world of software startups. Most of the founders were male programmers in their mid-twenties or younger. Over the course of the summer, they scrambled to heed Graham’s seemingly simple advice: make something people want.
 
We watch the founders work round-the-clock, developing and retooling products as diverse as a Web site that can teach anyone program­ming, to a Wikipedia-like site for rap lyrics, to software written by a pair of attorneys who seek to “make attorneys obsolete.”
 
Founders are guided by Graham’s notoriously direct form of tough-love feedback. “Here, we don’t fire you,” he says. “The market fires you. If you’re sucking, I’m not going to run along behind you, saying, ‘You’re sucking, you’re suck­ing, c’mon, stop sucking.’” Some teams would even abandon their initial idea midsummer and scramble to begin anew.
 
The program culminated in “Demo Day,” when founders pitched their startup to sev­eral hundred top angel investors and venture capitalists. A lucky few attracted capital that gave their startup a valuation of multiple millions of dollars. Others went back to the drawing board.
 
This is the definitive story of a seismic shift that’s occurred in the business world, in which coding skill trumps employment experience, pairs of undergraduates confidently take on Goliaths, tiny startups working out of an apart­ment scale fast, and investors fall in love.


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