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Following YC launches, it seems to me like YC, after analyzing where they made their money over the last 15 years have taken the “spray and pray” model to the e
by flyinglizard 5y ago
Following YC launches, it seems to me like YC, after analyzing where they made their money over the last 15 years have taken the “spray and pray” model to the extreme. If it’s only one company per batch that makes most of the returns, you just need to make sure there are enough companies and let natural selection run its course.
The problem is this model doesn’t really work for traditional VCs - they can’t support so many companies (not just money but also partners attention) so there’s an adverse funnel.
- nikanj 5y agoSupporting that many companies is easier if you don't really support them. Toss them a little cash, tell them to get a shared house in SF for a months-long hackathon and hope for the best. After the first 12 months, start looking more closely at the fraction of startups that got anywhere.
- unclebucknasty 5y ago>months-long hackathon and hope for the best You framing it this way helped me put a finer point on the vibe I'd noticed but couldn't quite articulate: that it's become less like building a business and more like chasing the prize on a reality show.
- skeeter2020 5y agoFunny to me is that the earlier years where when YC was at it's peak signalling point, yet when I see a company I've never heard of tagging their name with something like (YC12) I assume (unfairly) that they're a zombie.