6,552 karma · joined September 24, 2010
VCs are money managers, managing mostly other people's money, investing in startups primarily as financial products, not as long-term business concerns. Take the advice with a grain of hindsight is 20/20 salt.
The net sum of this wise money manager's feedback on how to "manage cash for early stage startups": raise more money (if you can), spend less money (if you can), make more money (if you can), and run your company better (if you can). All that without a fancy four-letter framework.
https://copyrightalliance.org/education/copyright-law-explai...
"A copyright notice does not need to be affixed to a copyrighted work for the work to be protected under the law.
Prior to 1989 including a copyright notice on a copyrighted work was required under U.S. law, but that is no longer the case. Although copyright notice is no longer required, a copyright owner would be wise to include a copyright notice because it prevents an infringer from raising a defense of innocent infringement."
Furthermore, a copyright year may not be needed if a copyright notice with (c) mark is included.
So the copyright notice is primarily useful as a notice to others with regards to your work, but has no real use as a legal construct to establish ownership.
That being said, for bootstrap projects, side hustles, and other projects, I've really come around to your way of thinking. For those projects where being another alternative does have good economics, "copy first, innovate later" is a solid strategy.
Now there is a section that goes over the types of launches, but perhaps that should have been first in the presentation and go over what exactly is a launch and when do you do it?
Launches originate from the idea of a boat that's ready for sailing, and the first launch comes out of the dry dock. But even in that case, ships need many more months before their first sea trials (a different kind of launch), and then something else before ready for whatever their purpose is.
Like many other YCombinator videos, I think these assume much more understanding of terminology, lingo, and perception than the audience might actually have.
Also, I have a major problem with launching to "friends and family". In my experience, friends and family provide very poor advice and they're much more prone to be encouraging or want to provide emotional or moral support, without actually telling you if your business idea sucks. I burned years doing something that sucked, and when I stopped doing it, my friends and family told me they never thought it was a good idea. I asked them why they didn't stop me. And they said it would have been not nice to be completely honest. Ever since then, I've ignored friends and family and focus where it matters: on the customers who I want to buy stuff. I don't get why the recommendation for the 2nd launch after an MVP landing page is Friends and Family launch.