#147 - Startup School Week 6 Recap - Tim Brady on Culture and Dalton Caldwell on Pivoting

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<p>We've cut down the sixth week of lectures to be even shorter and combined them into one podcast.<br><br>First <a href="https://youtu.be/qnNHW6TYv5I">a lecture from Tim Brady</a>. Tim’s a partner at YC. His lecture covers the importance of building a good culture early and shares six things that you can do now to help create a solid foundation for your startup.<br><br>Then <a href="https://youtu.be/8pNxKX1SUGE">a lecture from Dalton Caldwell</a>. <a href="https://twitter.com/daltonc">Dalton</a> is a partner at YC and he’s also the head of admissions. His lecture covers pivoting and his advice on how founders should think about it.<br><br>Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year.<br><br>Learn more about YC and apply for funding here: <a href="https://www.ycombinator.com/apply/">https://www.ycombinator.com/apply/</a><br><br>***<br><br><b>Topics<br></b><br>00:00 - Intro<br><br>00:38 - Tim Brady on Building Culture<br><br>1:13 - Culture is behavior and the right behaviors support a good business <br><br>4:38 - Six things new startups can do now<br><br>5:00 - 1. Be proud of the problem you are solving<br><br>7:31 - 2. Create a long term vision that others will follow<br><br>9:36 - 3. List your values then model the behavior<br><br>12:34 - 4. Align your culture with your customer<br><br>14:49 - 5. Discuss the importance of diversity to your company<br><br>16:43 - 6. Put a hiring process into practice. Plan to evolve it.<br><br>18:24 - Dalton Caldwell on Pivoting<br><br>18:53 - The term "pivot"<br><br>20:20 - Why pivot?<br><br>21:33 - Good reasons to pivot<br><br>22:35 - Good reasons not to pivot<br><br>23:13 - Why people take too long to pivot<br><br>26:01 - Anecdotes<br><br>27:22 - Product market fit<br><br>28:34 - How to find a better idea<br><br>30:40 - It's ok to not work on an idea that requires venture capital<br><br>31:34 - Venture vs. non-venture scale ideas <br><br>32:52 - When is the best time to pivot<br><br>33:48 - More pivoting thoughts <br><br>35:07 - Idea quality scores<br><br>37:11 - Brex<br><br>39:51 - Retool <br><br>41:37 - Magic<br><br>43:22 - Segment<br><br>45:16 - Dalton's summary</p>