The Launch Pad Quotes

“As the other startups do at the end of their presentations, Shen offers to the batch the expertise of his team's members: "Kalvin and Randy are developers," he says, and as for himself, he knows how to stay motivated in the face of rejection. "I've gotten rejected thirty days in a row," he says, a reference to his putting himself through "Rejection Therapy," in which one must make unreasonable requests so that one is rejected by a different person, at least once, every single day- inuring one to the pain of rejection. (One example of Shen's first bid to be rejected: he asked a flight attendant if he could move up to first class for free. In another case, he saw an attractive woman on the train and decided he would ask her for her phone number, and when she would turn him down, he would have fulfilled the day's required quota of rejection. He sat near her, fell into a conversation, and when they got off the train and he asked for her number, she said, "Sure." He categorized this as "Failed Rejection.") "So if you need to get pumped up for your sales calls, talk to me. p121”
― Randall E. Stross, The Launch Pad: Inside Y Combinator, Silicon Valley's Most Exclusive School for Startups

“Graham excuses himself for a moment to go over to his laptop and look up what he had written in his notes after their interview. When he returns, he reports that he had written the following: “Insanely energetic founders. Fund for the new idea.” So Graham is not going to be the one who encourages them to pursue”
― Randall E. Stross, The Launch Pad: Inside Y Combinator

“Could any city import the resources needed to create a startup hub? [Paul] Graham took up the question in 2006 and pondered what would make, say, Buffalo, New York, into a Silicon Valley. To Graham, it was strictly a matter of enticing ten thousand people—“the right ten thousand people.” Perhaps five hundred would be enough, or even thirty, if Graham were to be permitted to pick them. Three years later, he suggested that a municipality offer to invest a million dollars each in one thousand startups. The capital required for such a scheme should not seem daunting: “For the price of a football stadium, any town that was decent to live in could make itself one of the biggest startup hubs in the world,” he said.



Any place that wants to become a startup hub needs to understand, however, that it requires welcoming hackers and their unruliness. Unruliness is also “the essence of Americanness,” Graham maintains. “It is no accident that Silicon Valley is in America, and not France, or Germany, or England, or Japan. In those countries, people color inside the lines.” In America, too, failure in business is accommodated. Graham has consistently argued that few people are well suited for starting a startup but that the only effective way of determining who does excel is by having lots of people try: “As long as you’re at a point in your life when you can bear the risk of failure, the best way to find out if you’re suited to running a startup is to try it.”
― Randall E. Stross, The Launch Pad: Inside Y Combinator, Silicon Valley's Most Exclusive School for Startups

“Graham conveys the sense that good ideas are plentiful, waiting for someone to come along and pluck them off the ground. “There’s a bunch of things like that,” he says.”
― Randall E. Stross, The Launch Pad: Inside Y Combinator

“Launch Fast” is Paul Graham’s mantra. Move from the idea to a minimally functional product as quickly as possible. Only by getting a product into the hands of customers, even if the product is only a prototype, is it possible to know what customers want.1 Launching fast is how to make something people want. Judging by the advice that they”
― Randall E. Stross, The Launch Pad: Inside Y Combinator

“advice: “In general, don’t hide your disasters. We’re not going to take the money back.” He says this lightly, as if delivering a joke, but it is reassuring for the founders to hear. They laugh, perhaps with a touch of relief.”
― Randall E. Stross, The Launch Pad: Inside Y Combinator