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Another founding principle of YC is that its for the upper crust of society. Exceptions are made, but in general, the poor need not apply. YC actively excludes
by bactrian 9y ago
Another founding principle of YC is that its for the upper crust of society.
Exceptions are made, but in general, the poor need not apply. YC actively excludes poor people through socioeconomic discrimination.
YC truly is "the Harvard of accelerators" as their homepage proudly quoted.
- segmondy 9y agoThat is pretty accusatory, they have invested in companies from 3rd world countries. Flown many of those founders at YC's expense and funded them. Flutterwave, OMG Digital, Paystack, Platzi, etc. Please do explain how they exclude poor people? The application fee is $0. You could from $0 in your pocket to $100,000+ for 3 months.
- bactrian 9y agoYou can tell they descriminate based on who they hire and fund. It's the country club crowd sprinkled with safe seeming outsiders that act as token representatives. It's not merit based but class (aka "culture") based. It's a market opportunity for a fund that doesn't think of rich people as being better than poor people. A lot more geniuses among the poor than the rich. What's worse is they're incredibly thin skinned and lacking in introspection or humility. Typical rich people.