Luc Cheung
@luccheung
Luc Cheung
what's the minimum you need to launch? We suggest startups think
about what they plan to do, identify a core that's both (a) useful
on its own and (b) something that can be incrementally expanded
into the whole project, and then get that done as soon as possible.This is the same approach I (and many other programmers) use for
writing software. Think... See more
about what they plan to do, identify a core that's both (a) useful
on its own and (b) something that can be incrementally expanded
into the whole project, and then get that done as soon as possible.This is the same approach I (and many other programmers) use for
writing software. Think... See more
The 18 Mistakes That Kill Startups
So here's the story of how we missed Airbnb, one of the best startups to come our way in the past few years.
The Airbnb founders came out of the winter 2009 Y Combinator class. They came to see us during their time at YC. They told us about a great stunt they pulled at the Democratic Convention in Denver (in which Obama was nominated). They bought a... See more
The Airbnb founders came out of the winter 2009 Y Combinator class. They came to see us during their time at YC. They told us about a great stunt they pulled at the Democratic Convention in Denver (in which Obama was nominated). They bought a... See more
Airbnb - AVC
The thing about smart people is that they tend to think that if they think really hard about something, they might figure it out, when the truth is, in strategy (and life in general), there is never one right answer. Strategy requires making choices about a future that is not yet known. I’m one of those people that tends to over-intellectualize... See more
Things I'm thinking about
Focus forces brutal prioritization
Making few bets forces you to make hard decisions. It’s extremely hard to measure the value of something against some abstract and absolute notion of value.
Proponents of diversification argue that it takes the edge off of making a mistake. That would be a good argument if people acted the same way independent of... See more
Making few bets forces you to make hard decisions. It’s extremely hard to measure the value of something against some abstract and absolute notion of value.
Proponents of diversification argue that it takes the edge off of making a mistake. That would be a good argument if people acted the same way independent of... See more
Why Diversification Results In Mediocrity
My note to self from reading the book: “THINGS LOOK GOOD AT THE END OF THE JOURNEY, NOT DURING.” Tesla and SpaceX were not built. They were willed into existence, against all odds.
SpaceX failed to launch many times, and was ridiculed by many people. After their third (or fourth) failed launch, Elon sends an email to his team: “ SpaceX is in this... See more
SpaceX failed to launch many times, and was ridiculed by many people. After their third (or fourth) failed launch, Elon sends an email to his team: “ SpaceX is in this... See more
