Dalton Caldwell and Michael Seibel discuss the best approaches to managing the many setbacks startup founders can face over the lifetime of starting and running a business. Apply to Y Combinator: Work at a Startup: Chapters (Powered by ) - 00:00 - Introduction 00:26 - Punches that land 01:04 - The setback cycle 02:05 - Fundraising 04:27 - YC - No for now 05:42 - Survivorship bias 06:28 - Co-founders 08:02 - The magical deal 09:15 - After the deal, credits don't roll 11:21 - A bad launch 13:28 - Movie mess us up 15:27 - Getting sued 16:51 - Silver linings 18:44 - You are the example 20:00 - Taking stock 20:50 - Worst case analysis 22:00 - Wrap up