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Honestly, we don't really know. We have very few hypotheses around this idea. We're just insanely curious to see what will happen. As far as the disadvantage yo
by kevin 11y ago
Honestly, we don't really know. We have very few hypotheses around this idea. We're just insanely curious to see what will happen.
As far as the disadvantage you mention, that happens when you launch. That happens when you start getting press. That happens when you announce a large funding round. That happens when you're doing well.
In our experience, startups are far more likely to die by suicide than by homicide. Iteration is the only practice to greatness that we've ever seen and you can't do that well without talking about your idea to others. In a vacuum, you can only go so far.
My advice is similar to how we're approaching this experiment: don't over think it.
- jdp23 11y agoThanks for the responses. True, that's what happens in all of those situations, but in the YC Fellowship you call out that they're for people "very early in the process". So the tradeoffs may be different.
- SherlockeHolmes 11y agoI agree. Even if someone was to take my idea and start working on it concurrently, I as the originator of the idea have an inherent advantage. If the founders are resilient and resourceful, then the strength of their idea is more decisive than competition in determining success.
- vit05 11y ago"startups are far more likely to die by suicide than by homicide" This is a very interesting quote.