Launch Pad: Inside Y Combinator, Silicon Valley's Most Exclusive School for Startups

    By Randall Stross
Number of teams that applied to Y Combinator's summer 2011 batch: 2,089Teams interviewed: 170Minutes per interview: 10Teams accepted and funded: 64 Months to build a viable startup: 3Possibilities: BOUNDLESS Investment firm Y Combinator is the most sought-after home for startups in Silicon Valley. Twice a year, it funds dozens of just-founded startups and provides three months of guid-ance from Paul Graham, YC's impresario, and his partners, also entrepreneurs and mostly YC alumni. The list of YC-funded success stories includes Dropbox (now valued at $5 billion) and Airbnb ($1.3 billion). Receiving an offer from YC creates the oppor-tunity of a lifetime -- it's like "American Idol" for budding entrepreneurs. Acclaimed journalist Randall Stross was granted unprecedented access to Y Combinator's summer 2011 batch of young companies, offering a unique inside tour of the world of software startups. Most of the founders were male programmers in their mid-twenties or younger. Over the course of the summer, they scrambled to heed Graham's seemingly simple advice: make something people want. We watch the founders work round-the-clock, developing and retooling products as diverse as a Web site that can teach anyone program-ming, to a Wikipedia-like site for rap lyrics, to software written by a pair of attorneys who seek to "make attorneys obsolete." Founders are guided by Graham's notoriously direct form of tough-love feedback. "Here, we don't fire you," he says. "The market fires you. If you're sucking, I'm not going to run along behind you, saying, 'You're sucking, you're suck-ing, c'mon, stop sucking.'" Some teams would even abandon their initial idea midsummer and scramble to begin anew. The program culminated in "Demo Day," when founders pitched their startup to sev-eral hundred top angel investors and venture capitalists. A lucky few attracted capital that gave their startup a valuation of multiple millions of dollars. Others went back to the drawing board. This is the definitive story of a seismic shift that's occurred in the business world, in which coding skill trumps employment experience, pairs of undergraduates confidently take on Goliaths, tiny startups working out of an apart-ment scale fast, and investors fall in love.

NEWS: 2012 800-CEO-READ Business Book Awards Shortlist: Small Biz/Entrepreneurship

Posted December 12, 2012, 5:59 PM with category of General Business
Over the course of this week, we will be posting the shortlist selections for our 8 business book categories: General Business, Leadership, Management, Innovation/Creativity, Small Business/Entrepreneurship, Marketing/Sales, Personal Development, Finance. Then on Monday, December 17th, we'll announce the category winners, and, on Wednesday, December 19th, we'll celebrate the overall winner of the 2012 800-CEO-READ Business Book Awards! Stay tuned. Read more

NEWS: The Best Books of 2012, Amazon Edition

Posted November 28, 2012, 2:50 PM with category of General Business
Amazon's editors have come up with another fine list of books this year. Their choices in the Business and Investing category are: The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg, Random House Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb, Random House The Advantage: Why Organizational Health Trumps Everything Else In Business by Patrick Lencioni, Jossey-Bass Private Empire: ExxonMobil and American Power by Steve Coll, The Penguin Press Startup Communities: Building an Entrepreneurial Ecosystem in Your City by Brad Feld, John Wiley & Sons How Much is Enough? : Money and the Good Life by Robert Skidelsky and Edward Skidelsky Reverse Innovation: Create Far From Home, Win Everywhere by Vijay Govindarajan, Chris Trimble and Indra K. Read more


  Choose a format
  •   For use in United States   United-states-16

Your price: $12.80/ea
LIST PRICE: $16.00

Paperback Non-returnable Discounts
Quantity Price Discount
1 - 24 $12.80 20%
25 - 99 $9.92 38%
100 - 249 $9.60 40%
250 - 499 $9.28 42%
500 - 999 $9.12 43%
ISBN: 9781591846581

Need 1000 or more?

Additional discounts may be available. Please call 1-800-236-7323 for more information.

You may also place an order online at the highlighted discount for any quantity over 500.
Language English
Pages 290
Published 09/2013
Publisher Portfolio

Interested in eBooks?Please read our brief introduction before purchasing.