This is Week 05 of 09 of Astra’s Y Combinator Startup School Journal.
Although the lectures for this week were super valuable covering How to Sell and Building an Engineering Team, the focus for us (and many of our fellow YCSUS founders) was really all about the application process for the core program. How to Apply and Succeed at Y Combinator:
The application deadline for YC is this coming Tuesday. Our conversations during our Office Hours sessions and the special Thursday lecture all centered around the what, why, and how of applying. The TL;DR:
Whether it’s applying to YC or trying to achieve just about anything else, Dalton’s take on luck resonated with us. Luck doesn’t just happen to you. There is a systematic way to create good luck – setting yourself up for as many circumstances to get as lucky as possible. Get those at-bats!
This week we attended the main weekly lectures on Tuesday and our group’s Office Hours on Thursday. Our advisor is holding them Monday – Friday for 30 minutes, so this time there were 6 companies in attendance with us. I thought this smaller group made communication more effective. Aside from those core activities, this week we also:
After playing the App Store waiting game for 5 days, our new app version was finally approved and released.
Tip: For each app version you review, include any additional detail that Apple has ever asked for to avoid back and forth resubmissions. For us, this time that was a live demo recorded showing the app in use.
We shared last week what the key motivators were for this update and now that it’s live, we hope we will see some improvement around the onboarding flow. In the meantime, we got to work on development for the next update:
While we were waiting on the App Store approval, we took the opportunity to make a push on content marketing initiatives. We compiled quite a bit of feedback already on the items that we knew we needed to address, so we optimized for new learning by not pushing too hard on getting some of our current users through the verification process until the new version was available. Along the way, while digging into some of our “Core” data, we found that we had just crossed $10,000 of transfer value in the 4 weeks since launch! Beyond a quick celebration for that milestone, we:
Per our refined dashboard, this week’s user stats:
Follow along with our progress by subscribing to our mailing list.