This video is a part of a series of lectures by Sam Altman (President, Y Combinator), Paul Graham (Co-Founder & Partner at Y Combinator) and Dustin Moskovitz (Asana Co-Founder).
In the previous video, Sam Altman talked about hiring the right talent for optimum execution.
In this video, Paul Graham covers two key attributes of startups- Counter intuitiveness and Uncertainty. He highlights the unpredictability of startups and the inextricable risks associated with them. Rather than painting a rosy picture, Graham chooses to showcase a tough reality which is highly demanding and all-consuming yet uncertain.
In simple words, startups are meant only for those who hold the right kind of passion, dedication and perseverance, and have the stomach to take risks despite being aware of the fact that the effort they invest into their ventures doesn’t necessarily promise success.