Jared Friedman - Advice for Hard-tech and Biotech Founders
YC Partner Jared Friedman covers hard-tech companies and why founders should consider starting one. He also covers a couple of the most common problems hard-tech companies face and how to solve them, with examples from seven YC companies.
You can find the lecture slides and transcript here: https://www.startupschool.org/videos/78
Find more Startup School and YC content at https://www.startupschool.org/library.
Chapters (Powered by https://bit.ly/chapterme-yc) -
00:00 - Introduction
00:36 - Outline
00:56 - What is a Hard Tech Company?
01:35 - Market vs Technical risk
02:06 - Why start a har…
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Chapters (30)
Introduction
0:36
Outline
0:56
What is a Hard Tech Company?
1:35
Market vs Technical risk
2:06
Why start a hard-tech company?
2:42
Story about Boom
5:38
Hard-tech and Biotech - Big part of YC
6:04
Startup School
6:20
How much of YC's advice applies to hard-tech founders?
7:05
Two biggest problems specific to hard-tech
7:14
Heavy MVP
7:58
Boom - Do things that don't cost money
8:46
Solute
8:47
Solugen - Start small
9:35
AirX - Launch a simplified version
10:22
Notable Labs - Bootstrap with a service
10:45
Astranis - Start with a proof of concept
11:33
Ginkgo Bioworks - Sell it before you make it
12:24
How do you prove people will want your product if it is not built yet?
12:49
Pre Sales
13:27
Letter of Intent (LOI)
14:20
Advice about LOIs
14:43
Fundraising for Hard-tech and Biotech companies
15:38
A better fundraising plan
17:26
Q&A
17:40
AI companies
19:36
Hard to get LOIs
20:53
How do you prove that your idea is going to work?
22:15
Sales
23:24
Find founder and early employees for Hard-tech companies
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