Calling All Student Entrepreneurs: Tell Us About Your Startup

According To Sam Altman Of YC, This Is How You Build A Failproof Startup

Sep 19, 2015

Sam Altman, the Chief of Ycombinator, world's most powerful startup incubator, went on a 'tweet storm' on September 17 about why startups fail and how to build a failproof startup. He explains if one can build a product that users love and nail distribution for it, everything else should be okay for that startup.

Startups fail. In fact, most startups fail. In any startup ecosystem failure is the single most dominant trend. However, according to Sam, it is possible to make a startup work, if one can ensure necessary prerequisites.

Here's Sam Altman's tweets on building a failproof startup:

1/ If you make a product users love, and figure out how to distribute it, and your economics aren't stupid, everything will go your way.

2/ Companies fail because they fail to make a product users love. But they don't want to admit that, so they blame investors or whatever.

3/ I have never seen a company doing really well die because they were unable to raise money.

Register to read this article in full and more insight articles!

By registering, you will be signed-up for an account which gives you access to our premium stories published a few times a week and archives of all our premium stories. You will also receive a daily newsletter sent to your inbox. To unsubscribe, please visit the profile section in your account. We have a strong privacy policy. We will never share or sell your data to anyone.

What you get
In-depth actionable analysis

In-depth analysis on startup, business and technology scene in Bangladesh that you would not find anywhere else.
Daily and weekly newsletter
Get our daily and weekly newsletter with our most important stories directly to your inbox.
Join the conversion on this article and more on our public Telegram Group

About FS

Contact Us