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Do you have any evidence that the hit rate would be close to zero if you invested in founders with just a concept?
by danieltillett 11y ago
Do you have any evidence that the hit rate would be close to zero if you invested in founders with just a concept?
- pjlegato 11y agoYes. Y Combinator, which (very unusually) funds people with no track records and just a concept, has had only two really big successes (AirBnB and DropBox) in 11+ years and close to a thousand companies in the program. http://yclist.com/ http://yclist.com/