The Evening with Michael Moritz

At Y Combinator‘s Tuesday dinner event last Tuesday (2/23/2016), Michael Moritz came for a talk. It was deeply inspiring to see him in person, but it was even more energizing to see him still so ‘obsessed’ about his work at Sequoia Capital.

Here’s a brief excerpt from his talk:

That’s what, at Sequoia, we’ve always been focused on: How do we maintain a consistent level of exceptional performance? Most entities, most organizations are capable of doing it through a year, or five years, maybe ten years. Very few are able to do it over multiple decades. And I’m not saying that we’re exemplary, but we’ve worked really, really hard on trying to perform at an extremely high level.

How have we done it? It all sounds very, very mundane. You can read a book about the principles of high performance, or great leadership, and it’ll all sound very straightforward and rudimentary. The difficulty is doing it every day, doing it every week, month, quarter, year, and keeping that beat up.

Which is part of the reason we don’t have all sorts of lucite blocks commemorating this or that anniversary of some company hanging around the office at Sequoia: Because all of that is yesterday, and it’s irrelevant to the future.

Read (or listen to) the rest of the conversation here at The Macro.

VISAs for International Founders Doing Startups in U.S.

Hello there foreigners and immigrants. Yeah that’s you (and me).

Today, I’m going to save you few bucks from expensive consulting fees with the immigration lawyers. Sadly, below does not cover the details, but will give you an idea of which route you can take.

There are five VISA types for international founders/entrepreneurs entering the U.S.: L1, E2, EB5, H1B, O

Let’s go through each of them briefly below:

1. L1

  1. For whom? Expats(execs, managers, specialists) working at US Entity (with minimum of 1 year employment history at the foreign company)
  2. Duration & Extension 3 yrs + 3 yrs (+ 1 yr for execs/managers) (total 6 ~ 7 yrs max)
  3. Difficulty Depends on the company (must show that it will survive, easier with $1M+ previous funding)
  4. Quota Any time (get the result in 15 days after filing using premium processing)
  5. Family/Spouse can work? Yes
  6. Greencard Yes

Continue reading

8 ways to spot a truly exceptional employee

8 ways to spot a truly exceptional employee

Lecture 20 – Later-stage Advice (Sam Altman)

Sam caps off the How to Start a Startup series with things you should ignore when you start, but become important a year in. Thanks for watching How to Start a Startup. Hope you learned a ton!

Lecture 19 – Sales and Marketing; How to Talk to Investors (Tyler Bosmeny; YC Partners)

Tyler Bosmeny, founder and CEO of Clever, starts off today’s lecture with an overview of the Sales Funnel, and how to get to your first $1 Million.

Michael Seibel, founder of Justin.tv and Socialcam and Partner at Y Combinator, then goes over how to talk to investors – the pitch.

Dalton Caldwell, founder of imeem and App.net and Partner at Y Combiantor, and Qasar Younis, founder of Talkbin and Partner at Y Combinator, then perform an investor meeting roleplay to give you a taste of how it actually might look behind the scenes.

Three segments in today’s lecture – Lecture 19 of How to Start a Startup.

Richard Branson’s Top 10 Quotes on Leadership – Virgin.com

Richard Branson’s Top 10 Quotes on Leadership – Virgin.com

Lecture 18 – Legal and Accounting Basics for Startups (Kirsty Nathoo, Carolynn Levy)

There’s a lot that goes behind the scenes in running a startup. Getting the legal, finance (equity allocation, vesting), accounting, and other overhead right will save you a lot of pain in the long run. Kirsty Nathoo, CFO at Y Combinator, and Carolynn Levy, General Counsel at Y Combinator, cover these very important topics, in Lecture 18 of How to Start a Startup.