On How To Build Successful Products

Y Combinator CEO Michael Seibel gives his take on how to build products that succeed at Y combinator’s Startup School. In this hour long talk, Michael goes through a number of fundamentals that startup teams and founders usually overlook.

Key Takeaways:

  1. Define your problem clearly. Explore how solvable the problem is in detail.
  2. Define your customers by identifying them and figuring out how much they’re willing to pay.
  3. Does your MVP actually solve the problem?
  4. Spot the customers you should go after first.
  5. Maintain a Product Development Cycle for each version with key performance metrics in place.

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