3 ms·
There used to be prestige, mystique, exclusivity, and desirability associated with being a YC company. I kinda feel now it’s just become a numbers game machine
by quezzle 6y ago
There used to be prestige, mystique, exclusivity, and desirability associated with being a YC company.
I kinda feel now it’s just become a numbers game machine.... back as many as possible, some will win. There doesn’t see anything special about the investors or the investors in this model, it’s just about churning out as many companies as possible and playing the numbers.
Am I right or being overly cynical?
- verdverm 6y agoI don't think you are off base here. This seems like an iteration to improve this aspect and open the timeline to rolling admissions
- im3w1l 6y agoIsn't this just natural? That companies start off with the best opportunities and as they scale up they go after more and more marginal opportunities.
- foobiekr 6y agoI first heard YC described that way in 2009 and I think that’s pretty much been their model all along. Before 2010 they were routinely described as “throwing spaghetti at the wall and see what sticks.”
- gbronner 6y agoI got the sense that the personal and network support given initially might have been worth 7% of the company (especially for founders who needed that kind of advising), but the partners' ability to add value has gone down recently, making follow-on investments less likely to succeed.