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Paul Graham Should Fill the Startup Funding Gap
- Alex3917 19y agoIf Y Combinator were to offer an additional round of funding to the best startups then this would radically change the social dynamic of the program both between the founders and the YC parters and also between the startups themselves, in a way that undermines the qualities of YC that attract founders in the first place. C.f. No Contest: The Case Against Competition by Alfie Kohn.
- epi0Bauqu 19y agoCouldn't it be done in such a way as to not radically change the social dynamic of the program? What if funding was just offered as a last resort, i.e. the potential "Googles" that fell through the cracks of the current venture capital landscape? What if the fund was set up so the YC principals did not make funding decisions in the new fund, but instead determined the basic structure of it? What if the fund would not fund YC companies? That is, assuming there are lots more potential Googles that aren't being funded and are also not in YC, it should still be easy to get quality deal flow.