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Highly underrated comment. A lot of people are approaching this topic from a philosophical point of view, which tells me that they haven't gone through YC's Dem
by aerosmile 6y ago
Highly underrated comment. A lot of people are approaching this topic from a philosophical point of view, which tells me that they haven't gone through YC's Demo Day and don't understand how it's different from other incubators' Demo Days. It's very different - there is an entire cottage industry of YC-only or YC-preferred funds built around this event, and if you play your cards correctly, those funds will be fighting to get onto your cap table. I do know that there are investors all over the world, but investors don't behave like this anywhere else.
- kirillzubovsky 6y agoAlthough definitely very helpful to YC folks (YCS12 here), I do find it kind of funny that YC-preferred funds have emerged, since they introduce the same biases YC was meant to remove. It's a natural process, and there is no such thing as not being biased (as it is a bias in itself), but the signaling of being part of YC is definitely huge, especially first time, and for outside of the Bay. Investors are people too.