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We received our second rejection for an interview yesterday, but luckily for us YC was just a nice to have and not end all. As I read through the comments, I b
by gibsonj 9y ago
We received our second rejection for an interview yesterday, but luckily for us YC was just a nice to have and not end all.
As I read through the comments, I believe many businesses forget the fact that business is ran by the numbers. Yes, can YC help you get attractive numbers for investors, but you can do the exact same thing on your own if you build something people need (love). I find it hard to believe that any investor that YC can introduce you to will turn down your meeting if you have built a business that has attractive numbers. That's what they look for anyway...YC funded or not.
For those that got an interview, congrats. For those that didn't, keep going and be great in what you are doing.
- Ashu_14 9y agoYou are absolutely right and for a founder whose truly committed to his/her business should only consider these rejections as a bump on the road. However i still disagree with how YC select the startup for the interview. I mean the founders who really needs their support are mostly rejected by them while founders who already has raised a million dollar round (or enjoying revenues) are welcomed and signed by the YC team. I think YC has now become more of a Standard tool for businesses rather providing actual support to founders who need them badly. I'm from India and i personally know at least 10 founders here who already had raised so much of amount before getting into YC. This doesn't makes sense to me as to why the heck would someone get into an incubator/accelerator who's already enjoying the business with healthy unit economics. Startup incubators have now lost their vision and are now more into what i think has just restricted to the investment game.
- AnthonyHooper 9y agoYou make a good point; perhaps YC should switch to a tiered system?