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Hey Michael, thanks for this - should be a real eye opener! Q: What are some of the top weighing attributes you're looking at for companies applying today, and
by traviswingo 10y ago
Hey Michael, thanks for this - should be a real eye opener!
Q: What are some of the top weighing attributes you're looking at for companies applying today, and how heavy (1-10 scale) would you say they count towards an acceptance decision. I'm envisioning a "credit score" for application.
- mwseibel 10y agoThe top 5 things I look for in an application are (in no particular order): 1) Can the team clearly communicate what they are working on? 2) Does the team have the technical talent to build and grow the v1 of their product? 3) Is the team moving quickly or are they waiting for approval from YC? 4) Did the founders have a personal or professional relationship before deciding to start the company together? 5) Does the team understand something about their space that is controversial or non-obvious?
- santiagobasulto 10y ago> Does the team have the technical talent to build and grow the v1 of their product? This means they can join YC without a v1? But I guess you should have validated your hypothesis in any other way, right?
- mwseibel 10y agoYou can certainly get into YC pre-launch!
- ojosilva 10y ago> 4) Did the founders have a personal or professional relationship before deciding to start the company together? As I understand this is desirable, right? I wonder if there are any good successful stories of newly-acquainted, "JIT" founders? How about data that supports that being friends or colleagues equals success and greater valuations? My instinct tells me that a previous relationship is probably a good predictor of success. But it's always good to rely on hard data to avoid any correlational fallacies.
- deleted 10y ago[deleted]