Qasar Younis was interviewed at Startup Grind Sacramento and share how he has climbed the ranks of the entrepreneurial ladder. He is the CEO of Y Combinator (YC), an organization that provides seed funding for startups while linking them with potential investors and acquirers. Qasar reached success through Talkbin that was originally backed by YC before being acquired by Google 10 months later. He than became Google’s product lead for business facing product and has assisted dozens of entrepreneurs turn their ideas into a reality via YC.
Growing up in the rural environment of Pakistan and migrating to Michigan in the 80’s, Qasar’s initial background was in the automobile industry and virtually everything engineering-related. After leaving automotive in the early 2000’s, he gained skills in software and mechanical engineering ultimately attaining an MBA from Harvard. With a new focus, he launched a startup with a group of friends called Camisa in Chicago, Illinois. The business model was nearly identical to TeeSpring where users can sell and submit T-shirt designs via crowdfunding. Unfortunately, Camisa never reached the desired level of success and Qasar learned a lot from this failure.
“The Market Doesn’t Care about Your Vision.”
Qasar felt that his team was not well-balanced and he was trying to play a role that didn’t match his skillsets. In addition, not being in Silicon Valley severely hindered their degree of exposure. Camisa’s vision was not timed properly for the market to be attracted to what they were offering. This 3rd point is key because as entrepreneurs, it’s real easy to get wrapped up in our vision. However, he believes that building a successful business is based on supply and demand. If what you’re supplying isn’t demanded by the marketplace; the chances of success is zero to none. Once Camisa went down, him and his partner moved to Silicon Valley and zoned in on their soon-to-be success; Talkbin.
“If You’re Serious About your Brand, You Can’t do it Part-time.”
Qasar mapped out that he had exactly a year to put together a team, create a product and find funding. This led to entering the YC startup incubator where he received countless hours of mentoring and investment prospects. Although funding was an important element to the equation, it was the insight from YC supporters that he contributed most to his success. Less than a year later, Google randomly spotted them on the radar, recognized that his vision aligned with theirs and was immediately acquired.
You can view the full interview with Qasar here.
By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014. Follow Rich on Twitter at @ApptologyCEO or attend a Startup Grind Sacramento Event.