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What's more, it's also probably because companies at YC are generally later stage now. It's not unusual now to see companies well past launch or even product m
by kozikow 8y ago
What's more, it's also probably because companies at YC are generally later stage now.
It's not unusual now to see companies well past launch or even product market fit prior to YC.
- threeseed 8y agoExactly. It was even talked about a lot from YC about how they are seeing more and more people who reapply year after year and how that is seen as a "positive signal". And I saw this first hand from our StartupSchool batch. The only people who made it through were ones who had already had significant numbers of customers.
- sandslash 8y agoThat's actually untrue - almost half of the Startup School companies that we ended up funding for the W2019 batch were unlaunched.
- threeseed 8y agoI never said that all Startup School companies had customers. My point was that it seems like the needle has shifted towards companies who do have some level of product market fit. Has the percentage of companies who were unlaunched changed over time ?
- katm 8y agoWhile it's true that we have some companies in the batch that are well past launch, in S18 only 44% of the companies we funded had revenue and roughly 40% were not launched prior to YC.