#220 – Be Brave, Not Cool, with Michael Seibel of Y Combinator

Indie Hackers

Courtland Allen and Channing Allen

Startups, Entrepreneurship, Makers, Indie, Bootstrapping, Online, Technology, Business, Founders, Bootstrappers, Ideas, Tech, Indiehackers, Hackers

4.9 • 606 Ratings

🗓️ 4 August 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Michael Seibel (@mwseibel) and I discuss the secret sauce of what goes on inside Y Combinator and how indie hackers can create it for themselves. And because Michael sees nearly 2,000 startups a year--we'll find out the difference between companies that make it and companies that don't.

Transcript

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0:00.0	What's up everybody? This is Cortland from AndyHackers.com and you're listening to the
0:11.1	EndieHackers podcast. More people than ever are building cool stuff online and making a lot of
0:15.6	money in the process. And on this show, I sit down with these endy hackers to discuss the ideas,
0:19.7	the opportunities and the strategies they're taking advantage of so the rest of us can do the same.
0:28.9	Michael Seibel, welcome to the IndieHackers podcast.
0:32.5	Thanks for having me.
0:34.3	You are the CEO of Y Combinator, or you're also, I guess, a managing director, a partner.
0:40.1	What's the appropriate title for you at YC?
0:42.7	Who knows? I help the companies.
0:45.3	You help the companies. You do the job.
0:48.1	I help the companies, yes.
0:50.9	YC is kind of the original startup accelerator.
0:55.8	It almost needs no introduction.
1:00.0	It's by far the most successful and prestigious of the startup accelerators that exists.
1:02.0	It was started by Paul Graham in 2005.
1:05.1	And since then, he sort of passed on the torch.
1:11.4	And now you guys are funding like six or 700 companies a year at this point, which is crazy. Because when I went through YC in 2011, it was like 40 companies where like, this is way too big. It's crazy. Not only
1:19.9	how much bigger YC has gotten, how much bigger the startup community has gotten, how much more
1:24.2	international YC has gotten. So it's now 50% international.
1:28.0	We've got founders in almost any time zone.
1:31.0	It's been a lot of fun.
1:32.1	It's been a lot of fun to help more people.
	...

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