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The thing is.. You know that TechStars and YC are a bunch of VERY smart VCs and entrepreneurs. You have a huge respect and read everything from them. You're pas

by d0m 15y ago

The thing is.. You know that TechStars and YC are a bunch of VERY smart VCs and entrepreneurs. You have a huge respect and read everything from them. You're passionate about software engineering and had job offers from great companies but said "No, I want to start my business". And then, those great guys just refuse you. Whatever the way they say it (Awesome other participants, not enough $ to fund everyone), it still mean that they had the opportunity to take you, and they said no. It talks for itself.. Why the fuck would you continue your startup if these extremely smart guys didn't want/trust you?

kloncks 15y ago
Now, I just disagree with this view. The vast majority of companies don't take VC money. Many great companies had ideas that were quickly dismissed by these "VERY smart VCs and entrepreneurs". Of course, there's also the argument that the 4-5 YC partners just can't take on every potentially successful startup. Harvard can't accept every qualified candidate; there's not enough seats. But to then tell one of those rejected (or in this case, waitlisted!) to simply forget continuing on with their education elsewhere is just preposterous.
- d0m 15y ago
  "The vast majority of companies don't take VC money. Many great companies had ideas that were quickly dismissed by these "VERY smart VCs and entrepreneurs"." It's not for the money. It's for the experience that you get, the day to day conversation with all the teams, the contacts that you can get, the incredible feedback and criticism from highly experienced mentor AND the money (Which is really not that much, but just enough to get started and focus without stressing about how you will eat). And note here, I'm talking about first time entrepreneurs; Not someone who's got 5 startups already sold or a google/facebook/whatever CTO. And yeah, you can argue that you don't need it and sometime startups were wrongly dismissed by good VCs; but it's rare. It's their job to spot great startups/revolutionary ideas/extraordinary teams. The fact that you are not chosen means something. You can't only dismiss it.. It's important to know why you weren't chosen. And "The teams were awesome this year" is not a reason. I mean, if your idea is awesome and you are great but they didn't accept you, there must be a reason. Is it because they didn't "get" it? Or felt that the market wasn't ready for it? Or that even though you think you're awesome, you're not? "Of course, there's also the argument that the 4-5 YC partners just can't take on every potentially successful startup. Harvard can't accept every qualified candidate; there's not enough seats. But to then tell one of those rejected (or in this case, waitlisted!) to simply forget continuing on with their education elsewhere is just preposterous." Again, the problem is not to be refused, but to know why you are. If you were refused because of your grades, it's perfectly understandable. If it's because you can't speak the language of the university, it's understandable. But if you're among the best with a great personality and awesome grades, why would they refuse you? And then, school is really different in the way they accept you. It's more about your dossier and your grade.. not about your potential. Whereas, with an incubator, they don't care about your past, they look at you. Your idea. Your personality. Your enthusiast. The fact that they refuse you means a lot more; PG really looked at you, talked with you and thought: "No. You're not in."
  - kirillzubovsky 15y ago
    So prove him wrong and get your company to success.
  - truthseeker 15y ago
    YC or techstars see you as a point in time. Fixed and whether you are right for their model or not. However, you are not fixed. you evolve, grow, talk to customers, pivot, refine business model, etc. They don't see all of that. Or probably see your past as an indicator of future. May be you may not have the potential for another google or youtube but you might be successful. Successful by your own measure not someone else's yardstick.
kerryfalk 15y ago
"VERY smart VCs and entrepreneurs" are still human. I don't think they believe they can predict the future you might not want to limit yourself by assuming they can. Do other people consider you to be an expert at something? If so, do you not still experience "Ah ha!" or "Oh shit!" moments? Failing to get agreement from YC/TS is the result of a myriad of reasons and doesn't mean you should stop. That seems just silly. If I'm trying to teach you how to play Chess and you can't figure out how the Knight works, should I just give up on trying to teach you? The Knight does move, other people do understand it so sooner or later I should be able to figure out how to teach you to play Chess. Other people do get into YC/TS and they do start tech companies just like mine. I see no reason to give up because I/you haven't been able to get them to agree with you yet.
ziadbc 15y ago
This is kind of like saying "If I didn't get into Harvard, why should you still go to college?" No matter how big YC gets, they will still be rejecting the vast majority of applicants. Its simply not possible for them to fund every startup that comes their way. Furthermore, think of companies like instagram, angry birds, quora, github, groupon, and a huge list of others that are not YC companies, but kicking ass. Should these people have given up because they weren't in YC? YC is one of the greatest opportunities in Silicon Valley, but by no means is it the only game in town.
pg 15y ago
We're often mistaken.
- d0m 15y ago
  Mistaken in the chosen team or the team rejected?
  - pg 15y ago
    Both, though here the latter is the relevant case.
benologist 15y ago
Why would you pin everything on being accepted... you're not automatically 'wrong' just because you're not in the small group of of startups 'most right' for them at a particular time. If you have the mentality that you need to have them to succeed then you are sabotaging yourself and selling yourself short. Rejected twice, kicking ass anyway.

by d0m 15y ago

kloncks 15y ago

Now, I just disagree with this view. The vast majority of companies don't take VC money. Many great companies had ideas that were quickly dismissed by these "VERY smart VCs and entrepreneurs". Of course, there's also the argument that the 4-5 YC partners just can't take on every potentially successful startup. Harvard can't accept every qualified candidate; there's not enough seats. But to then tell one of those rejected (or in this case, waitlisted!) to simply forget continuing on with their education elsewhere is just preposterous.

d0m 15y ago
"The vast majority of companies don't take VC money. Many great companies had ideas that were quickly dismissed by these "VERY smart VCs and entrepreneurs"." It's not for the money. It's for the experience that you get, the day to day conversation with all the teams, the contacts that you can get, the incredible feedback and criticism from highly experienced mentor AND the money (Which is really not that much, but just enough to get started and focus without stressing about how you will eat). And note here, I'm talking about first time entrepreneurs; Not someone who's got 5 startups already sold or a google/facebook/whatever CTO. And yeah, you can argue that you don't need it and sometime startups were wrongly dismissed by good VCs; but it's rare. It's their job to spot great startups/revolutionary ideas/extraordinary teams. The fact that you are not chosen means something. You can't only dismiss it.. It's important to know why you weren't chosen. And "The teams were awesome this year" is not a reason. I mean, if your idea is awesome and you are great but they didn't accept you, there must be a reason. Is it because they didn't "get" it? Or felt that the market wasn't ready for it? Or that even though you think you're awesome, you're not? "Of course, there's also the argument that the 4-5 YC partners just can't take on every potentially successful startup. Harvard can't accept every qualified candidate; there's not enough seats. But to then tell one of those rejected (or in this case, waitlisted!) to simply forget continuing on with their education elsewhere is just preposterous." Again, the problem is not to be refused, but to know why you are. If you were refused because of your grades, it's perfectly understandable. If it's because you can't speak the language of the university, it's understandable. But if you're among the best with a great personality and awesome grades, why would they refuse you? And then, school is really different in the way they accept you. It's more about your dossier and your grade.. not about your potential. Whereas, with an incubator, they don't care about your past, they look at you. Your idea. Your personality. Your enthusiast. The fact that they refuse you means a lot more; PG really looked at you, talked with you and thought: "No. You're not in."
- kirillzubovsky 15y ago
  So prove him wrong and get your company to success.
- truthseeker 15y ago
  YC or techstars see you as a point in time. Fixed and whether you are right for their model or not. However, you are not fixed. you evolve, grow, talk to customers, pivot, refine business model, etc. They don't see all of that. Or probably see your past as an indicator of future. May be you may not have the potential for another google or youtube but you might be successful. Successful by your own measure not someone else's yardstick.

kerryfalk 15y ago

"VERY smart VCs and entrepreneurs" are still human. I don't think they believe they can predict the future you might not want to limit yourself by assuming they can. Do other people consider you to be an expert at something? If so, do you not still experience "Ah ha!" or "Oh shit!" moments? Failing to get agreement from YC/TS is the result of a myriad of reasons and doesn't mean you should stop. That seems just silly. If I'm trying to teach you how to play Chess and you can't figure out how the Knight works, should I just give up on trying to teach you? The Knight does move, other people do understand it so sooner or later I should be able to figure out how to teach you to play Chess. Other people do get into YC/TS and they do start tech companies just like mine. I see no reason to give up because I/you haven't been able to get them to agree with you yet.

ziadbc 15y ago

This is kind of like saying "If I didn't get into Harvard, why should you still go to college?" No matter how big YC gets, they will still be rejecting the vast majority of applicants. Its simply not possible for them to fund every startup that comes their way. Furthermore, think of companies like instagram, angry birds, quora, github, groupon, and a huge list of others that are not YC companies, but kicking ass. Should these people have given up because they weren't in YC? YC is one of the greatest opportunities in Silicon Valley, but by no means is it the only game in town.

pg 15y ago

We're often mistaken.

d0m 15y ago
Mistaken in the chosen team or the team rejected?
- pg 15y ago
  Both, though here the latter is the relevant case.

benologist 15y ago

Why would you pin everything on being accepted... you're not automatically 'wrong' just because you're not in the small group of of startups 'most right' for them at a particular time. If you have the mentality that you need to have them to succeed then you are sabotaging yourself and selling yourself short. Rejected twice, kicking ass anyway.