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  1. Y Combinator28 min

    Michael Seibel - Startup Investor School Day 2

    Michael Seibel

    Outgoing Y Combinator CEO Michael Seibel shares investment lessons from his 4.5-year angel career, highlighting that 50 checks resulted in 12 post-Series A companies and a billion-dollar exit despite his dual role as a YC partner. He advises investors to write larger checks with speed and minimal friction while avoiding the hype trap of Demo Day in favor of evaluating cap tables and founder potential. The session concludes by defining top-tier investors by their willingness to act quickly and noting that luck plays a significant role in success.

  2. Y Combinator10 min

    Geoff Ralston's Intro - Startup Investor School Day 1

    Geoff Ralston

    Y Combinator launched its inaugural hybrid Startup Investor School, a four-day program in Mountain View and online that educates accredited and non-accredited investors on startup selection and deal mechanics. The curriculum, delivered by volunteer instructors from the startup ecosystem, concludes with virtual and in-person invitations to Winter 2018 Demo Days for select participants. Additionally, the initiative establishes a crowd-sourced knowledge repository and leverages historical case studies to refine investor decision-making capabilities.

  3. Y Combinator50 min

    How to Manage with Ben Horowitz (How to Start a Startup 2014: Lecture 15)

    Ben Horowitz

    This presentation argues that effective leadership requires analyzing high-stakes decisions through the perspectives of all stakeholders to avoid unpredictable cultural side effects. It illustrates this principle through case studies on equity management, compensation cycles, and stock option policies, while citing Toussaint Louverture's historical strategy of integrating former enemies to demonstrate how inclusive thinking drives organizational success. The discussion concludes by outlining practical execution techniques for leaders, including formal review processes and the importance of pausing to mitigate the risks of reactive decision-making.

  4. Y Combinator18 min

    Emmett Shear at Startup School SV 2014

    Emmett Shear

    Founders of Kiko Calendar leveraged their early failure to raise Y Combinator funding for Justin.tv, where they pivoted from professional reality television to an open live-streaming platform by hiring key leadership to address operational gaps. Following the 2008 market crash, the team reorganized into specialized mobile and gaming units, ultimately launching Twitch in 2011 by prioritizing direct user feedback over business development deals. This eight-year journey of persistence and iteration culminated in an unexpected, unplanned acquisition by Amazon, underscoring that skills and product-market fit are often forged through repeated failure.