FF 015: Y COMBINATOR WEEK: Eric Glyman, Co-Founder & CEO @ Paribus
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 2 October 2015
⏱️ 26 minutes
🧾️ Download transcript
Summary
Eric Glyman, Co-Founder and CEO @ Paribus (Y Combinator S15), the service which scans your inbox for receipts and automatically saves you money when the items you bought drop in price. Stores often guarantee that you will get the lowest prices. But they don’t follow through unless you work for it. Paribus does the work for you.
In Today's Episode You Will Learn:
1.) What was Eric's career before Paribus and what was his a-ha moment was for the idea?
2.) How did Eric do things differently from the typical startup? Was this effective or would it have been more productive to go full in?
3.) What were Paribus' testing hypotheses like? Does Eric prefer mass market testing or niche 100 person testing?
4.) How was the admissions process for YC, why did Eric choose YC and why were YC attracted to Paribus?
5.) What would Eric advise founders looking to get into YC? Is there anything they can do or know that will increase their chances of getting into YC?
6.) What were the breakthrough moments for Paribus? What were the most challenging elements and how did Eric overcome them?
Items Mentioned In Today's Show:
Eric's Fave Book: I, Robot
Eric's Fave Blog: AppSumo by Noah Kagan
As always you can follow Harry, The Twenty Minute VC, Eric and Paribus on Twitter here!
If you would like to see a more colourful side to Harry with many a mojito session, follow Harry on Instagram here!
Transcript
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| 0:00.0 | Hello and welcome to the 20 minute VC with this very special week featuring the world's most famous accelerator. |
| 0:06.7 | It is of course Y Combinator. |
| 0:08.9 | And with it being Founders Friday, what better way to embrace YC week than to have a recent YC alum discuss his experience with YC and growing his startup? |
| 0:19.3 | Therefore, I'm delighted to welcome to you Eric Glyman, co-founder and CEO at |
| 0:24.2 | Paribus, the service which scans your inbox for receipts and automatically saves you money |
| 0:30.4 | when the items you bought drop in price. Stores often guarantee that you'll get the lowest prices, |
| 0:36.1 | but they don't actually follow through |
| 0:37.5 | unless you work for it. Paribus does this work for you, so when you're owed money, Paribus |
| 0:42.9 | automatically gets it for you. Great idea, right? Well, YC certainly thought so. But before we get |
| 0:48.9 | immersed in the world of YC, from the startup perspective, that is, for anyone out there who dreams of attending YC or any |
| 0:55.9 | other prestigious accelerator or having your own startup, the most important step is actually |
| 1:01.3 | forming the company itself. You have an idea, now what? We'll head over to VDAR Law. With decades |
| 1:08.0 | of experience assisting startups, they will handle all entity formation and |
| 1:12.4 | establish the foundations for your new business. Y-C-here-we-come. So to get the ball rolling, |
| 1:18.2 | with your idea, drop Chris Align at C-W-E-R-N-E-R at Vidalaw.com. That's C-V-V-Rna at Vidal-Law.com. Or go to www.com.W.law.com. That's C Verna at Vidarlaw.com or go to www.vigarlaw.com. Similarly, if you're |
| 1:34.1 | loving investing and would love to hear more from investing podcasts, we'd love to hear what you |
| 1:39.4 | think of our sister show, Angel Insights, which delves inside the world of Angel investing to discover their |
| 1:45.1 | tips, tactics and strategies. And you can find this on iTunes by searching for Angel Insights. |
| 1:51.3 | But you've heard enough from me now, so it's time to get immersed in the world of Y Combinator. |
| 1:56.1 | Therefore, I am delighted to introduce to you, Eric Blyman, co-founder and CEO at Paribus. |
| 2:07.2 | You have now arrived at your destination. |
| 2:11.6 | Welcome to Founders Friday. It's an absolute pleasure to have you on the show. Thank you so much for joining us. |
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