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When YC takes developers and mentors them towards a first version in an aggressive timeframe with limited resources, it's encouraging innovation. When someone c
by nir 16y ago
When YC takes developers and mentors them towards a first version in an aggressive timeframe with limited resources, it's encouraging innovation. When someone comes in and gives a bunch of company they know nothing about $150k each, it's called having more money than sense.
- waterlesscloud 16y agoBut they aren't investing in companies they know nothing about. They're investing in companies that have made it through the YC sieve. If nothing else, they know that about them. These are investors with a large number of connections in the silicon valley world. My assumption is that they have some extremely well-informed spreadsheets about past YC company performance.
- nir 16y agoI do have huge respect to YC personnel and companies, but not sure performance so far is at a level that makes it a sure investment. Even so, YC's model is small fiscal investments and large time/mentoring investment. I doubt that the opposite would work as well.