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I found that quote to be the most interesting bit of the piece as well. Obviously it's in every company's best interest to hold a monopoly position in a large
by roymurdock 11y ago
I found that quote to be the most interesting bit of the piece as well.
Obviously it's in every company's best interest to hold a monopoly position in a large market. It's that strong self interest and drive to do whatever it takes to be #1 that I think YC is generally looking for in its founders, rather than a truly brilliant or unique idea. Ideas are cheap, execution and grit is rare. This will be increasingly true for the new biotech/hardware startups that YC is looking at - grinding away in the lab for a shot at a patented monopoly position is the name of the game.
It's just interesting to see the goal of becoming a monopoly stated so bluntly as the end goal of every company that comes through YC. It clashes a bit with the hacker ethos of doing something because its intrinsically cool, interesting, and not expected to scale. Seems like YC is entering a new phase as a larger, more mature organization.
- pjlegato 11y agoStartups aren't (and have never been) about the hacker ethos of doing things just because they're intrinsically cool and interesting. There is a small bit of overlap (as in a Venn diagram) between the spheres of "doing things that hackers find technologically cool" and "doing things that make a lot of money." That small area of overlap is where startups are. The vast majority of hacker-cool material isn't (and has never been) in that startup slice.
- pbreit 11y agoThere's another way to look at it that is useful: first, try to be a monopoly in a small market. Instead of being one-of-many in a large market.