3 ms·

Why would they do that?

• mattmaroon 18y ago
  Well, they just ripped off their application and business model. Why start doing something original now?
  • mariorz 18y ago
    They didn't rip off their application, I think that was a different company from Seattle not Boulder... and that wasn't really a bad thing to do either BTW. Seed investment for equity is hardly a new business model nor was it invented by YC.
    • mattmaroon 18y ago
      No, trust me, it was Techstars. http://paulbuchheit.blogspot.com/2007/03/anyone-else-notice-that-techstars-and-y.html http://paulbuchheit.blogspot.com/2007/03/anyone-else-notice-... And doing the seed equity in batches with a 3 month "camp" format and a demo day near the end is pretty original.
  • rokhayakebe 18y ago
    "ripped off" is somewhat accusing them of stealing something from YC or taking away from them. "something original". YC started a trend,and you can bet there will only be plenty more incubators with a similar formula. They don't need to be original. They just have to follow the leader. YC can keep being great at recruiting talented hackers and hopefully become the "Ivy League" of incubators.
    • mattmaroon 18y ago
      Their original application was Y Combinator's with I think one extra question added. At was as blatantly ripped off as anything could be.