Justin Kan Profile picture
15 Apr, 16 tweets, 4 min read
Before applying to @ycombinator, read this thread.

Here's the story behind my shitty first company, Kiko, our *almost* trainwreck demo, and what I learned from going through the very first YC batch.
Kiko was founded with no skills and no money by three clueless college students: myself, Emmett (CEO of @Twitch) and Matt. At that point, I had never even worked at a full time job.
We were inspired by gmail, which had just come out at the time. We wanted to create a similar outlook-style calendar app to sync and share events.
There was one problem: Matt and I had zero technical skills. So we recruited my childhood friend, Emmett, who was a CS major.

We later found out that he didn't know much more than us, he was just a little ahead.
A friend told us about Y-Combinator and @paulg - we quickly dropped out of our lined-up jobs to hack on Kiko full time.

We submitted our YC application form literally the night of the deadline. They decided to give us a shot, and we flew over to Boston with nothing to lose.
We weren't off to a good start.

We were almost late to the meeting and I was so nervous I couldn't speak. Emmett did most of the talking and arguing with Paul about whether complex client side web apps like Gmail would ever become widespread.
We had a somewhat serviceable demo that showed enough of our idea. (thankfully, the panel didn't ask us to show whether or not we could create new accounts on our application yet)
Wandering around Boston a few hours later, Emmett and I received a call from Paul Graham, who offered us $12,000 for a 4% stake in our company!

We were amazed that we had created something that was valued at $300,000 and we took the deal immediately.
In the following months, I learned a lot from my time going through YC. Here's 2 pieces of advice I'd like to pass on if you're a budding founder interested in YC:
1. Getting started > everything else:

Kiko’s demo was scrappy, but showing the barebones version was enough to demonstrate its potential, but more importantly, its founders.
No one on the team was a specialist when Kiko started, but a couple of months of hardwork resulted in a scrambled, albeit serviceable, demo
Getting started is necessarily the hardest step, but humans are momentum creatures by nature.

You will encounter the most resistance when you haven’t taken a step at all - but once you get started and get the ball rolling, nothing will stop you.
2. Be flexible:

Chances are, your initial idea will not be the best iteration of whatever you’re building. Don’t get too caught up and box yourself into one conceptual avenue - be welcome to new creative ideas and be adaptable in your approach.
Pivots are inevitable, but you're on the right path so long as you are constantly seeking inspiration, and communicating with your user-base on a consistent basis.
You can read the whole article, including a full feature of my conversation with @moseslo on my weekly newsletter: The Quest Digest

Read all my thoughts - everything from startups/business to wellbeing and everything in between.

thequestpod.substack.com/p/what-ceos-an…
I tell the whole Kiko and YC story here:

Subscribe to my YouTube channel for more content like this every Thursday!

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More from @justinkan

10 Apr
New episode of OnlyFriends is out now! This time, @mwseibel, @jamiequint, @tikhon, and I talk about:

- Hot takes on how the 1st remote YC batch went
- Jamie and Tikhon joined the dark side and raised a VC fund
- Donuts and the rise of vaccine passports

Let's play a game of who said what!

Which one of the OFs said this?

“3 days later, I’ve made it rain on Indian companies"
Which one of the OFs said this?

“Being a VC is possibly the easiest job on Earth. A lot of VCs will say that’s true, which is laughable to me”
Read 7 tweets
30 Mar
As a founder, I'm always asked: "how do I get hired at a startup?"

Dont worry, I got you.

Here's how to land a job at your dream startup:

{thread time}
Demonstrate that you’re awesome at 1 thing:

Startups are looking for people who have exceptional but specific skills. In your resume, show them what they are looking for and hammer down that point.
Keep your resume concise: If its not related to or helping with Point #1, keep it off!
Read 7 tweets
24 Mar
The Hitchhiker's Guide to Becoming a CEO:

Having conversations with people like @sophiaamoruso (The Cinderella of Tech!) is why I love doing @thequest_pod.

Here's some of the key lessons and takeaways from our chat:
1. Resilience can be a superpower.

Forbes listed Sophia as one of America’s 'richest self-made women' in 2016.

In 3 months, her company filed for bankruptcy; her wealth, marriage, and life crumbled away. She didn't give up.

Take your learnings from failure and move on.
2. Have a plan.

When you become an entrepreneur, learn from others so you have a basic understanding of things like board advisors, profit-loss statements, and culture.

Don't go in blind.
Read 5 tweets
8 Mar
Raising $ is hard.

(I've been on both sides of the table 😅)

Here's a 2-step guide on how to pitch investors for beginners:

[A thread]
Step 1. Create a powerful narrative

Investors might not like your business. But everyone loves a good story.

Stories are powerful tools to get people to understand and care about your ideas. Being overly technical in your pitch can be off-putting and not very compelling.
A simple narrative strucutre:

1️⃣ The world is a certain way (your problem)

2️⃣ Something changes (your solution)

3️⃣ The world is changed for the better (justify your solution).
Read 9 tweets
28 Feb
HEADS UP! You have until Tuesday 12pm PT to make a bid on one of my NFTs!

ALL BIDDERS will be entered for a chance to win $10,000 in bitcoin and ALL NFT holders will be invited to a Zoom call with me 👀
If you’re intimidated by the top bids on the 1/1s, there are 97 versions of my “Selling Twitch to Amazon” NFT, so that’s a great way to participate and to make a bid!

I'll be taking the top 97 offers in this case:

opensea.io/assets/0x495f9…
Another non 1:1 is "We ALMOST started "TikTok" instead of Twitch?!" where I'll accept the top 50 offers!

opensea.io/assets/0x495f9…
Read 4 tweets
29 Jan
I was sent a C&D and have decided to take my last tweet down. But WSB users should ask for the following in the hearings:
- all communications between Citadel Securities and Robinhood during this period
- disclosure of any short positions of Citadel’s hedge funds in the securities which Robinhood and other brokerages who are paid by Citadel Securities
Read 5 tweets

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