4 ms·
Seems like a good thing to have another VC firm that actually tries to make its own decisions. It doesn't seem particularly new or ambitious though. New and am
by staunch 8y ago
Seems like a good thing to have another VC firm that actually tries to make its own decisions. It doesn't seem particularly new or ambitious though.
New and ambitious would be attempting to beat YC at its own game. Competing head-to-head with YC for startups and trying to create a version of YC that was meritocratic and scaleable. For the good of the world, startups, and for profit.
Someone could create a version of YC that funds any startup that meets a certain level of traction for example. Or it could do funding by directly measuring the team's technical or other abilities. It could use a blind admissions system that doesn't rely on judging founders in 10 minute interviews.
YC funds just 3% of the founders that ask for funding. It's entirely likely that they fund the wrong 3% and/or ignore a huge percentage of potentially great startups.
There's only a few people in the world able to the raise money necessary to compete with YC and they all seem afraid to even try.
- hkmurakami 8y agoSocial capital is doing this now as a pilot.
- rdlecler1 8y agoYes, now here is real innovation.
- dyarosla 8y agoIf someone was looking to compete with YC one starting differentiator could be to not force teams to relocate to SV for three months; something that YC has proven time and again they’re not open to budging on (aside for the mini-not quite YC program they ran). They’ve explained their rational but I don’t buy it.
- nojvek 8y agoIt’s easy to forget how important SV is compared to the rest of the world. SV invests more in startups than the rest of the world combined. It’s the only place in the world where people put big money where their mouth is. I’d love to see YC definitely grow in other places but it boils down to a couple of things. A high concentration of capital, talent and a good business support. Not a lot of places that have that or willing to cultivate that.
- devdas 8y agoOr just white men investing in other white men.