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I didn't understand this comment in the article. Demo day comes after being accepted to YC... Do YC ban companies from demo day? I thought everybody presented.
by new299 5y ago
I didn't understand this comment in the article.
Demo day comes after being accepted to YC... Do YC ban companies from demo day? I thought everybody presented. I can't see any reference to them having raised any money at demo day either.
- sombremesa 5y agoI read this as not having anything to show (in terms of numbers, product) at demo day and I assumed the implication was that they had also not been meeting their weekly obligations, but you’re correct that there isn’t really anything for YC to do at that point - short of running up and snatching LoIs which is obviously overstepping.
- ypzhang2 5y agoThere really isn't any weekly obligations when I went through, other than a dinner weekly. You met with the partners as much as you liked. At Demo Day, there were folks in 2011 with no product, someone even pivoted the day before demo day and just had an idea on a powerpoint. Some of the folks went on to build very successful businesses. So the lack of demo day progress in of itself doesn't mean too much i think. The other points might though, to be fair.
- deleted 5y ago[deleted]