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Everyone seems very worried about entrepreneurs ‘gaming’ the system and it somehow not being fair. Ability to game the system might however be correlated with s
by technotony 11y ago
Everyone seems very worried about entrepreneurs ‘gaming’ the system and it somehow not being fair. Ability to game the system might however be correlated with success at building a company. I don’t know if this is true or not but top quality investors are probably open to the possibility: I know all other things being equal I’d rather invest in someone able to mobilize upvotes/their community than someone who can’t do that as that's correlated with ability to generate inbound traffic/attention.
More interesting to me though with all this is what it say’s about the future of scaling YC. YC’s mission is to enable innovation, and funding more startups hopefully leads to more innovation. The full YC program, already spread across two demo days, is probably close to the limits of how many startups can be funded in one go. The Fellowship, by being virtual, is much more scalable but one of the key bottlenecks is always going to be reviewing applications – this experiment could help remove that bottleneck. (another bottleneck I see is office hours, but getting sci-fi for a moment maybe YC research can develop a chatbot for that one day!).