Paul Graham, founder of Y combinator , a very successful startup incubator in silicon valley, also dubbed the “Harvard of silicon valley” in a recent interview with Bloomberg West, spoke about the success factors that startups must address these days to ensure a successful IPO offering or simply, building a successful business.
One of the interesting things that Paul Graham emphasized on , is that that startups have to focus on building products or services that will make people’s lives better. He added, “… it’s funny how straight forward it is. People often think that business requires some sort of trickery, or … you have to corner the market or something… but actually you have to make people’s lives better.”
When asked about the number one killer of startups, Paul said “ … they (startups) make something that users don’t like! … they make dog food that dogs do not like to eat”
Given how fast innovation is happening across the world at this point in time, this definitely is an interesting interview to watch – it might help you validate your startup idea so that you may go from just being an “idea” to filling for an IPO.
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