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The thing is, YC is like a school for newbie entrepreneurs, it's not their role as a seed-fund, and you can't expect them to find you an exit. What they offer i
by rvnx 7y ago
The thing is, YC is like a school for newbie entrepreneurs, it's not their role as a seed-fund, and you can't expect them to find you an exit. What they offer is to give you some money and tell you how to spend it.
That's basically it, all the rest you are on your own, it's your company.
- 1996 7y agoIt is a bit like a social club - say the Lions club of SV. Socially it sounds important and people network and know the brand. But if you ask a random person in the street, they will know what crypto is, they may know dropbox if they are computer litterate, but they won't know YC unless they are a geek. And for those who want to be successful by creating their company, I have strong doubts. Profitable businesses are laughed at as "lifestyle business", and profitability itself is considered less important than network effects. In the end, I'm not surprised companies like wework are happening, where no sane person should invest a dollar. It's like the dot com boom again.