Starting A Company? The Key Terms You Should Know | Startup School
Burn rate, MVP, TAM — if you’re interested in tech and startups, you probably hear terms like these regularly. But what do they really mean? In this episode of Startup School, Managing Partner Dalton Caldwell breaks down some of the most common terminology that you’ll come across in the startup world.
Chapters (Powered by https://bit.ly/chapterme-yc) -
00:00 - Intro
00:30 - MVP
01:05 - VCs and Angels
03:20 - Profit and Burn
05:31 - Seed and Series A, B, C...
07:39 - PMF and Bootstrap
10:26 - Convertible Note and Equity
12:35 - TAM and Valuation
15:16 - IPO and ARR
17:40 - Outro
Why OpenAI's o1 Is A Huge Deal | YC Decoded
OpenAI’s newest model, o1, makes huge leaps forward in domains like mathematics and coding and scores big on many of the toughest benchmarks. The secret to its success? It represents an entirely new class of models designed to reason or “think through” complex problems.
For the very first episode of YC Decoded, we took a look inside.
Chapters (Powered by https://bit.ly/chapterme-yc) -
00:00 - Intro
00:30 - o1 preview and o1 mini
01:40 - Chain of Thought reasoning.
03:50 - Reasoning
05:05 - o1 preview
05:56 - Is o1 actually reasoning?
06:26 - o1 still makes errors.
The "overnight success" of Kalshi
In which Michael and I congratulate Kalshi for their "overnight success" on the app store charts 5+ years in the making.
Habits of Churchill, Lessons from Napoleon, & The Holy Fire Inside Great Leaders — Andrew Roberts
Andrew Roberts has written twenty books, which have been translated into twenty-eight languages and have won thirteen literary prizes. These include Napoleon: A Life, Churchill: Walking with Destiny, and most recently, Conflict: The Evolution of Warfare from 1945 to Gaza, which he co-authored with General David Petraeus.
Sponsors:
Our Place's Titanium Always Pan® Pro using nonstick technology that’s coating-free and made without PFAS, otherwise known as “Forever Chemicals”: https://fromourplace.com/tim (10% off all products from Our Place)
Shopify global commerce platform, providing tools to start, grow, market, and manage a retail business: https://shopify.com/tim (one-dollar-per-month trial period)
LinkedIn Jobs recruitment platform with 1B+ users: https://linkedin.com/tim (post your job for free)
Links to everything discussed: https://tim.blog/2024/10/17/andrew-roberts-churchill-napoleon/
Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 900 million downloads and been selected for “Best of Apple Podcasts” three years running.
Sign up for "5-Bullet Friday" (Tim's free weekly email newsletter): https://go.tim.blog/5-bullet-friday-yt/
Follow the Tim Ferriss Podcast: https://tim.blog/podcast/
Visit the Tim Ferriss Blog: https://tim.blog/
Follow Tim Ferriss on Twitter: https://twitter.com/tferriss/
Follow Tim Ferriss on Instagram: https://www.instagram.com/timferriss/
Like Tim Ferriss on Facebook: https://www.facebook.com/TimFerriss/
[00:00] Start
[02:57] Expelled from Cranleigh school.
[04:00] Why MI6 considered Andrew for recruitment.
[07:02] The teacher who made history exciting to 10-year-old Andrew.
[10:18] Words Andrew avoids when writing about history.
[11:43] Are steady-nerved leaders naturally born or nurtured?
[13:37] The thinkers who influenced Winston Churchill and his sense of noblesse oblige.
[16:13] What made Napoleon Bonaparte the prime exemplar of war leadership?
[22:50] Lessons from Winston Churchill’s autobiography, My Early Life.
[24:41] Napoleon’s relationship with risk.
[27:52] Andrew’s signed letter from Aldous Huxley.
[29:22] When historical figures carry a sense of personal destiny.
[31:54] The meeting Andrew wishes he could have witnessed as a fly on the wall.
[34:47] When historical villains carry a sense of personal destiny.
[37:18] What Churchill and Napoleon learned from their mistakes.
[40:10] “Dear Diary…”
[41:52] Maintaining creative flow during the writing process.
[45:13] On working with brilliant publisher Stuart Proffitt (aka Professor Perfect).
[50:59] Why are some significant figures immortalized while others go the way of Ozymandias?
[56:04] Thoughts on personal legacy.
[57:27] Fiction favorites.
[01:00:16] Being objective about the history of imperialism.
[01:01:49] The challenges of teaching and learning history today.
[01:05:09] Why “Study history” is Andrew’s coat of arms motto.
[01:09:07] What Andrew, as a history expert, sees for the future.
[01:13:00] Counteracting natural pessimism.
[01:14:40] What to expect from Andrew’s latest book Conflict (co-authored with David Petraeus).
[01:18:43] Upcoming book projects.
[01:19:48] Parting thoughts.
You Don’t Have To Be A Billionaire To Launch Satellites
There’s a misconception that in order to build a hard tech company you need billions of dollars to even create an MVP. But that’s not always the case. Take Astranis for example. They got their start building a small prototype in an apartment and today they're worth more than a billion dollars and are gearing up to launch four new satellites into space on a dedicated Falcon 9 rocket. We visited Astranis co-founders John Gedmark and Ryan MckLinko to find out how they pulled it off and what lessons they have for founders who want to build a hard tech company of their own.
Special thanks to Astranis and Jason Carman for their archival footage.
Apply to Y Combinator: https://yc.link/DesignReview-apply
Work at a startup: https://yc.link/DesignReview-jobs
Chapters (Powered by https://bit.ly/chapterme-yc) -
00:00 - Intro
02:15 - What is it?
03:50 - First steps
06:45 - Demo satellite?
09:00 - Scrappy
10:55 - Testing
12:20 - Satellites to launch
Winston Churchill: Walking with Destiny
Andrew Roberts has written twenty books, which have been translated into twenty-eight languages and have won thirteen literary prizes. These include Napoleon: A Life, Churchill: Walking with Destiny, and most recently, Conflict: The Evolution of Warfare from 1945 to Gaza, which he co-authored with General David Petraeus.
Sponsors:
Our Place's Titanium Always Pan® Pro using nonstick technology that’s coating-free and made without PFAS, otherwise known as “Forever Chemicals”: https://fromourplace.com/tim (10% off all products from Our Place)
Shopify global commerce platform, providing tools to start, grow, market, and manage a retail business: https://shopify.com/tim (one-dollar-per-month trial period)
LinkedIn Jobs recruitment platform with 1B+ users: https://linkedin.com/tim (post your job for free)
Links to everything discussed: https://tim.blog/2024/10/17/andrew-roberts-churchill-napoleon/
Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 900 million downloads and been selected for “Best of Apple Podcasts” three years running.
Sign up for "5-Bullet Friday" (Tim's free weekly email newsletter): https://go.tim.blog/5-bullet-friday-yt/
Follow the Tim Ferriss Podcast: https://tim.blog/podcast/
Visit the Tim Ferriss Blog: https://tim.blog/
Follow Tim Ferriss on Twitter: https://twitter.com/tferriss/
Follow Tim Ferriss on Instagram: https://www.instagram.com/timferriss/
Like Tim Ferriss on Facebook: https://www.facebook.com/TimFerriss/
[01:18:43] Upcoming book projects.
[01:19:48] Parting thoughts.
The 10 Trillion Parameter AI Model With 300 IQ
Earlier this month, OpenAI raised the largest venture round ever at $6.6 billion. The company’s CFO says AI is now at the point where orders of magnitude matter and the next generation of models will be capital intensive. In this episode of the Lightcone, the hosts consider what a world with ultra intelligent models would look like and what potential unlocks could be made possible.
Chapters (Powered by https://bit.ly/chapterme-yc) -
0:00 Coming Up
0:54 What models get unlocked with the biggest venture round ever?
5:35 Some discoveries take a long time to actually be felt by regular people
9:53 Distillation may be how most of us benefit
14:26 o1 making previously impossible things possible
21:17 The new Googles
23:47 o1 makes the GPU needs even bigger
25:44 Voice apps are fast growing
27:05 Incumbents aren’t taking these innovations seriously
31:52 Ten trillion parameters
33:15 Outro
What Happens When You Stop Checking The News For 10 Years
Watch the FULL interview with Sam Corcos: https://www.youtube.com/watch?v=MtrkDoQFArU
Sam Corcos is the CEO and co-founder of Levels, an a16z-backed startup that shows you how food affects your health, using continuous glucose monitors and other biosensors.
Levels:
https://www.levels.com/
Trust Me, I'm Lying: Confessions of a Media Manipulator by Ryan Holiday:
https://www.amazon.com/Trust-Me-Lying-Confessions-Manipulator/dp/1591846285
Links to everything discussed in my interview with Sam Corcos:
https://tim.blog/2023/09/20/sam-corcos/
Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 900 million downloads and been selected for “Best of Apple Podcasts” three years running.
Sign up for "5-Bullet Friday" (Tim's free weekly email newsletter): https://go.tim.blog/5-bullet-friday-yt/
Follow the Tim Ferriss Podcast: https://tim.blog/podcast/
Visit the Tim Ferriss Blog: https://tim.blog/
Follow Tim Ferriss on Twitter: https://twitter.com/tferriss/
Follow Tim Ferriss on Instagram: https://www.instagram.com/timferriss/
Like Tim Ferriss on Facebook: https://www.facebook.com/TimFerriss/
The AI Future Has Arrived: Here's What You Should Do About It
Thanks to advances in AI, we're currently living through one of the biggest technological shifts in a generation. And things aren't slowing down anytime soon. So now the question is, what should you do about it? In this episode, Dalton and Michael break down several steps you can take right now to leverage the latest tools and set yourself up for success in the age of AI.
Chapters (Powered by https://bit.ly/chapterme-yc) -
00:00 - Intro
00:35 - Prepare
01:50 - Hindsight
03:00 - Time is now
05:10 - Work
06:55 - Skills
09:45 - User
11:52 - Doing nothing
14:15 - Predictions
Jon Batiste — The Quest for Originality and How to Get Unstuck
Jon Batiste is a five-time Grammy Award-winning and Academy Award-winning singer, songwriter, and composer. His eighth studio album, Beethoven Blues, is set for a November 15th release: https://linktr.ee/jonbatiste
Sponsors:
Ramp easy-to-use corporate cards, bill payments, accounting, and more: https://ramp.com/tim (Get $250 when you join Ramp)
AG1 all-in-one nutritional supplement: https://drinkag1.com/tim (1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase.)
Eight Sleep’s Pod 4 Ultra sleeping solution for dynamic cooling and heating: https://eightsleep.com/tim (save $350 on the Pod 4 Ultra)
Links to everything discussed:
https://tim.blog/2024/10/30/jon-batiste/
Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 900 million downloads and been selected for “Best of Apple Podcasts” three years running.
Sign up for "5-Bullet Friday" (Tim's free weekly email newsletter): https://go.tim.blog/5-bullet-friday-yt/
Follow the Tim Ferriss Podcast: https://tim.blog/podcast/
Visit the Tim Ferriss Blog: https://tim.blog/
Follow Tim Ferriss on Twitter: https://twitter.com/tferriss/
Follow Tim Ferriss on Instagram: https://www.instagram.com/timferriss/
Like Tim Ferriss on Facebook: https://www.facebook.com/TimFerriss/
[00:00] Start
[01:46] Is the secret to long life embracing the mundane?
[03:16] The gift of mistakes.
[04:13] Why did Jon wait until he was 10 to speak?
[06:42] How music and performance entered the picture.
[07:31] An early exercise in winning over the room.
[09:08] Choosing the personal facets that art expresses.
[11:04] From a disappointing grade school performance to the Grammys.
[16:10] Cultivating suspense and shifting modes of creative expression.
[22:39] When perspective drives motivation more than stakes.
[27:44] Spiritual practice and grounding mantras.
[35:43] Surrender, acceptance, and growth through health challenges.
[38:48] The fuzzy line between blessing and curse.
[42:07] Growing up bullied as the “least talented” in a musical family.
[48:42] Jon’s visionary mother guided him toward piano.
[51:15] Parental support for Jon’s relocation to New York City.
[52:13] Serious setbacks that almost made Jon quit Juilliard and music altogether.
[57:07] Jon’s advice to a younger musician enduring a similar path of hardships.
[1:00:14] How Jon owns what comes his way rather than allowing it to overwhelm him.
[1:05:20] Cultivating generosity without being drained.
[1:07:39] Jon’s billboard is invisible — but with deep posts.
[1:09:49] My rough draft of five deep handfuls.
[1:16:16] Jon’s answer in musical improv.
[1:24:33] Jon’s upcoming album: Beethoven Blues (with bonus blues tutorial).
[1:38:35] Taking the hypotenuse to catharsis and other Parting thoughts.