The Right (And Wrong) Way To Spend Money At Your Startup
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Many startups fail because they run out of money. So how should you think about how to spend the money you raise? In this episode of Office Hours, YC General Partners Brad Flora, Pete Koomen, Nicolas Dessaigne, and Gustaf Alströmer discuss how to spend responsibly at each stage of a startup— including advice on when to hire, whether to invest in marketing and what spending mistakes to avoid. Apply to Y Combinator: https://ycombinator.com/apply Chapters (Powered by https://bit.ly/chapterme-yc) - 00:00 - Intro 01:40 - How to think about money 02:42 - Funding 03:00 - Hiring 07:00 - Spending 10:45 - Speed 13:00 - Mistakes 16:04 - Waste of money 19:34 - Missed opportunity 23:44 - Runway 26:38 - Being honest 28:40 - Outro
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