Max Rhodes of Faire with Anu Hariharan Office Hours with Michael 1 day ago   47:34

Y Combinator
Max Rhodes is the cofounder and CEO of Faire. Faire helps retailers find and buy unique wholesale merchandise for their stores. They were in the Winter 2017 batch of YC.

https://twitter.com/maxrhodesok
https://www.faire.com/

Anu Hariharan is a Partner at YC.

https://twitter.com/anuhariharan

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Topics

00:00 - Max's intro

00:34 - Leaving Square and coming up with the idea for Faire

7:05 - Changes to SMBs in the past five years

9:05 - What is Faire?

11:25 - Max’s vision for Faire

14:40 - Finding product/market fit

17:40 - Switching to try before you buy

20:50 - What separates the great companies

22:00 - Scaling as a CEO

26:00 - Calming down

29:10 - Faire's first hires

33:10 - Faire's first executive hire

37:55 - Fundraising and fundraising advice

43:00 - Ryan McCarthy asks - Why did Max study history at Yale?

44:00 - Why does Max think Square Cash became a successful app?

Comments 7 Comments

Grant Espanet
Studied history because history repeats itself. I bet that actually came in handy for critical decisions in your professional life. Great interview.
Sterling King
The question is: is the shop movement organic or inorganic because of Googles ‘Local search results first’ results and could that change in the future??
Alexandre Azevedo
Great episode that shows us how open should we be to receive customers feedback and to follow the evidences of product-market fit. Max talks with customers to investigate the problem more than to prove himself right. That mindset is truly important to generate traction for a startup.
Young Grizzly
I want to say that his thinking is flawed about people wanting to shop local more and more now adays but that's only from the numerous chains closing in plazas and malls. I think his market is Gen Xers and older millennials. Only time will tell though.

Also, I have to add that the scope of my comment is the US. This may indeed be good abroad.
T Antonio
Great job Anu!!
Ricardo Alexis
Great interview
Y Combinator
Topics

00:00 - Max's intro

00:34 - Leaving Square and coming up with the idea for Faire

7:05 - Changes to SMBs in the past five years

9:05 - What is Faire?

11:25 - Max’s vision for Faire

14:40 - Finding product/market fit

17:40 - Switching to try before you buy

20:50 - What separates the great companies

22:00 - Scaling as a CEO

26:00 - Calming down

29:10 - Faire's first hires

33:10 - Faire's first executive hire

37:55 - Fundraising and fundraising advice

43:00 - Ryan McCarthy asks - Why did Max study history at Yale?

44:00 - Why does Max think Square Cash became a successful app?
Add Reply

Office Hours with Michael Max Rhodes of Faire with Anu Hariharan 1 day ago   51:32

Michael Seibel - https://twitter.com/mwseibel - is a Partner and the CEO of YC.

He cofounded Justin.tv, which was in the Winter 2007 batch and Socialcam, which was in the Winter 2012 batch.

For this episode we took questions from the internet. If you have questions for a future office hours episode, just tweet them our way.

Read the transcript here - https://blog.ycombinator.com/office-hours-with-michael-seibel

The YC podcast is hosted by Craig Cannon - https://twitter.com/craigcannon

We're accepting applications from startups for the Winter 2019 funding cycle. Apply here - http://ycombinator.com/apply

Questions

00:00 - Why is YC worth 7% of your company?

6:00 - Generating leverage when fundraising

11:42 - Youssef asks - How did you validate your product market fit?

14:35 - LC Carrier asks - How does YC feel about companies who don't want to raise VC after the program?

16:40 - Edmilson Rodrigues asks - Do companies need to be incorporated already to participate in YC?

18:25 - Alex Rodriguez asks - What do you look for in startups that haven't had good growth but continue to push through (e.g. AirBnB) that makes you accept them?

26:25 - Fedor Paretsky asks - Do you have techniques you encourage to make pitches sound more exciting?

34:40 - David Chen asks - How to find mentors and advisors?

39:00 - building EatNeat asks - What if anything are you specifically looking for in a startup that wants to be a part of the Startup School 2018?

39:35 - Ryan Carl Mercer asks - What's your preferred way organizing your time?

40:40 - John Rigler asks - Can intrapreneurship be effective? I recently returned to IBM, have a patent, and yet have only vague ideas about how to signal and organize other like-minded folks. Could this path sabotage my dreams?

41:30 - Horacio Chávez asks - How would you approach an investor who says "I won't invest unless you have a patent"?

42:10 - Yahya Elamrani asks - Why does it feel like entrepreneurs aren’t marriage material? Should an entrepreneur look for an entrepreneurial spouse?

43:50 - Yahya Elamrani asks - How intense do you really have to be to found a startup?

48:25 - Is there a particular stage of company that's best served by Startup School?

50:10 - How do you get the most out of Startup School?