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Preface
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It s been more than a year since Founders at Work was first published. What have I learned since The biggest surprise has been the sheer number of people interested in startups. I know about the ones who apply to Y Combinator, read Hacker News, or attend Startup School, but I could never be sure how many people were interested in startups beyond that core of would-be founders. A lot, it turns out. I get emails and see blog posts about Founders at Work on an almost daily basis. Some people finally took the plunge and started a startup, some learned that it was all right to change their idea, some were able to face a new day even though their company seemed doomed. And some just had a better understanding of the people they knew who worked at startups. I wrote in the Introduction that my biggest hope for the book was that it would inspire people to start their own startups, by showing how uncertain successful founders were themselves at first. And that seems to be happening. My favorite email came from a programmer who quit his job at a big company to become the first employee at a startup. The founders had been working for a while to convince him to join the company. I quit my job the day after I finished reading Founders at Work, he said in an email. Without your book, I may not have had the courage to. As a first-time author, I was also surprised at how fast word about the book spread on the Internet. I was very fortunate to have several famous bloggers write about the book, and each time we saw an immediate spike in sales. This is the proverbial level playing field, and this same phenomenon is what makes a lot of web startups possible. Since the book was published, Y Combinator has funded a lot more startups. We ve now funded more than 100. Has this changed my opinion about what makes a startup succeed In a few details, perhaps yes. But in general, it s only confirmed the things I ve learned from doing these interviews. I don t think I d change anything about the themes I originally wrote about in the Introduction: determination is the most important quality in a founder,
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Preface
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open-mindedness and willingness to change your idea are key, and all startups face rejection at first. It seems we re in the midst of a new wave of startups. I don t think this is another Bubble, but a change in the way people think about their careers. And it s exciting to me that some of the stories in Founders at Work have now become part of the collective knowledge of startups. I sometimes hear people telling stories or see blog entries about famous startup founders that I recognize came from this book. That s the most encouraging thing for an author to feel that the book can be useful, at least in a small way, even to people who haven t read it.
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About the Author
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Jessica Livingston is a founding partner at Y Combinator, a seed-stage venture firm based in Cambridge, MA, and Mountain View, CA. Previously she was vice president of marketing at investment bank Adams Harkness. In addition to her work with startups at Y Combinator, Livingston organizes Startup School (www.startupschool.org). She has a BA in English from Bucknell.
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Acknowledgments
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I d first like to thank my aunt, Ann Gregg, for her unfailing support and encouragement. She s an extraordinarily perceptive reader and she provided a lot of advice that helped make this a better book. Thanks to the people I interviewed for sharing their stories and their time. One thing I noticed in the interviews that I didn t mention in the Introduction is how much I liked the founders. They were genuine and smart, and it was an honor to talk with them. I know the candid nature of their stories and advice will inspire would-be founders for years to come. Thanks to Gary Cornell for being willing to do a different kind of book, and to the Apress team for working on a different kind of book. I d like to thank many people for their willingness to make introductions: Jim Baum, Patrick Chung, Mark Coker, Jay Corscadden, Rael Dornfest, Jed Dorsheimer, Randy Farmer, Steve Frankel, Anand Gohel, Laurie Glass, James Hong, Mitch Kapor, Morgan Ley, Mike Palmer, Tom Palmer, Bryan Pearce, Andrew Pojani, Will Price, Ryan Singel, Langley Steinert, Chris Sacca, and Zak Stone. Thanks to Kate Courteau for creating cozy offices for me to work in; Lesley Hathaway for all her advice and support; Alaina and David Sloo for their many introductions; and Sam Altman, Paul Buchheit, Lynn Harris, Marc Hedlund, and Aaron Swartz, who read early chapters of the book. I owe thanks to Lisa Abdalla, Michele Baer, Jen Barron, Ingrid Bassett, Jamie Cahill, Jessica Catino, Alicia Collins, Caitlin Crowe, Julie Ellenbogen, John Gregg, Chrissy Hathaway, Katie Helmer, Susan Livingston, Nadine Miller, Sara Morrison, Bridget O Brien, Becky Osborne, Allison Pellegrino, Jennifer Stevens, and Suzanne Woodard for their encouragement. Thanks to others who shared their insights on startups at Y Combinator dinners or with me personally: Rich Bacon, Greg Benning, Tom Churchill, Michael Ellenbogen, Jonathan Gertler, Hutch Fishman, Sara Harrington, Bill Herp, Bradley Horowitz, Joel Lehrer, Carolynn Levy, Simon London, Page Mailliard, Udi Manber, Fredrick Marckini, Greg McAdoo, Mark Macenka, Mike Mandel, Jerry Michael, Rich Miner, Mark Nitzberg, Peter Norvig,
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