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Funding is in no way a guarantee of success, and many YC companies have failed. Here's a list https://docs.google.com/spreadsheets/d/13HIAEwspdjqKENvi5uHJb8TfS3
by pedalpete 6y ago
Funding is in no way a guarantee of success, and many YC companies have failed. Here's a list https://docs.google.com/spreadsheets/d/13HIAEwspdjqKENvi5uHJb8TfS39B_pAfMDtBHDEvjZU/edit#gid=0 https://docs.google.com/spreadsheets/d/13HIAEwspdjqKENvi5uHJ...
The list only includes companies that have reported, I'm sure many others just silently die, or barely keep operating.
Another reason investment doesn't equal success, look at Pebble, $63m investment, acquired for $23m. How much of that acquisition money do you think went to employees.
Not to pick on Pebble, if your definition of success is shipping a product people love, that defines a new industry, and that you can be proud to have worked on, I'm sure that ticked all the boxes, but from a monetary standpoint, it was not a winner.