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Michael Seibel

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54

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2020-09-08

most recent

2020-09-08

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1

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1. “I would say another massive trend in YC is just the number. From Of the US, India, Southeast Asia, Europe, Middle East, Africa, Seeing founders everywhere. And we're now basically seeing, I think in The 10 years”

   2020-09-08 · Invest Like the Best · Michael Seibel – Lessons from Thousands of Startups - [Invest Like the Best, EP.190] · IDENTIFIED FROM THE TRANSCRIPT · source

2. “Seen a number of YC startups, Squire is one of them. There are others who take a chunk of that, like a slice of that small business. Squire's going after barbershops and hair salons and basically saying, I not only want to be your POS, but I want to try to help you do as many things as possible in your stack as possible. I can help you with your payroll. I can help you with your managing of employees and time tracking. I can help you collect, of course, money from your customers. I kind of want to be the single piece of software you have to use to run your business And that battle has been interesting because, of course, Square is trying to diversify and offer more services to the same customer. But it's hard to be the single source piece of software for every type of small business vertical.”

   2020-09-08 · Invest Like the Best · Michael Seibel – Lessons from Thousands of Startups - [Invest Like the Best, EP.190] · IDENTIFIED FROM THE TRANSCRIPT · source

3. “If we want these problems to be fixed in our society, we have to be part of the solution. We can't just lean back. And I think that's a qualitatively different than when I started in 2006, 2007. Certainly the kind of next big change was not going to be a surprise to anyone is B2B SaaS. What's interesting is that B2B SaaS has been the trend for what? 10 years? Maybe you'd argue 12 years? And I would say that it's not slowing down at all. One subtrend within that that I find interesting is I'm starting to see a lot of companies build verticalized software for small business. If you think of a product like Square, they kind of want to revolutionize the POS across all of small business. And I think they've gotten a lot of small business basically onboarded into modern software. And then we...”

   2020-09-08 · Invest Like the Best · Michael Seibel – Lessons from Thousands of Startups - [Invest Like the Best, EP.190] · IDENTIFIED FROM THE TRANSCRIPT · source

4. “zoom out to the past couple years to generalize the first trend that I'm seeing is a social trend I would say and the way that I would describe it not social like social media the way I would describe it is founders having more concern about the impact their startup is having on the country or on the world and founders being braver in taking on kind of core challenges whether it's healthcare we have companies trying to attack mass incarceration I think that there's been a little bit of a feeling like”

   2020-09-08 · Invest Like the Best · Michael Seibel – Lessons from Thousands of Startups - [Invest Like the Best, EP.190] · IDENTIFIED FROM THE TRANSCRIPT · source