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It’s the YC model. Throw money at smart upper-class kids in good schools with some ambition. Once in a while, those kids make Dropbox or Airbnb, most of the tim
by patentatt 6y ago
It’s the YC model. Throw money at smart upper-class kids in good schools with some ambition. Once in a while, those kids make Dropbox or Airbnb, most of the time they make calendar widgets and leverage the experience to jump the line at some FAANG and start out their careers a decade ahead of their peers. It doesn’t make sense to you and I because it doesn’t make sense. It’s a lottery ticket for the investors. YC just games the system by buying most of the lottery tickets.
- Nextgrid 6y agoI understand Dropbox and Airbnb, but the long-term growth potential was clear to begin with - here, I just don't see it. It's a stupid calendar widget on a subscription. I understand the potential for future expansion, but wouldn't it make sense for YC to wait until an MVP for said expansion is released before investing in it?