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That's rewriting history, including a lot of hard work by a lot of people. YC disrupted the model, it didn't start it. PG repeatedly describes YC as a startup i
by lmeyerov 8y ago
That's rewriting history, including a lot of hard work by a lot of people. YC disrupted the model, it didn't start it. PG repeatedly describes YC as a startup in changing how this works, so mistaking their growth with the industry misses what's happening.
The dotcom era had incubators through models like "I have access to capital but no one good idea; let me start a bunch and pick which to go". VCs regularly host EIRs (entrepreneur-in-residence). More dominant, many universities, corporates, and in gov, SBIR. Not sure how the numbers of SBIR compare to YC, but given SBIR is based on a % of each US dept's budget... ;-)
The "startup accelerator" changed the model: more $ to more varied entrepreneurs, structured program with educational eco-system, made VC capital more attractive, etc.
- krn 8y agoThere are no questions about the history. What I am claiming, is that startups became much more widespread in the years since 2005, after the YC model was introduced.
- maxwell 8y agoAnd that claim is false. https://www.inc.com/magazine/201505/leigh-buchanan/the-vanishing-startups-in-decline.html https://www.inc.com/magazine/201505/leigh-buchanan/the-vanis...
- krn 8y agoThe U.S. Startup Barometer paints an entirely different view[1]. Nevertheless, I am talking about the entire world, not a single country. [1] https://www.bloomberg.com/graphics/startup-barometer/ https://www.bloomberg.com/graphics/startup-barometer/
- maxwell 8y agoThanks for sharing the link.