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>Anything else would both be bad for YC's business and against its principles Come on. It's like saying crime won't happen because it's illegal.
by KptMarchewa 5y ago
>Anything else would both be bad for YC's business and against its principles
Come on. It's like saying crime won't happen because it's illegal.
- dang 5y agoI think the word 'principles' is leading to a bit of confusion here. I used that word because I was referencing https://www.ycombinator.com/principles https://www.ycombinator.com/principles, but I don't mean moral precepts, I mean YC's investment theses. These, for example: "Y Combinator’s goal is to cause there to be more startups, by helping founders to start them." "YC’s value is the number of startups we help times how much we help them." The point is that funding new startups in the same markets as previous startups it funded is a consequence of YC's model. Not to do it would be self-contradictory.
- user_named 5y agoThis sort of thinking reminds me of the efficient market hypothesis.