3 ms·
Not too often (although Dreamworld, Balto, and Zenefits come to mind) given the scale. What is more troubling to me than outright scams is just brand dilution a
by uncomputation 5y ago
Not too often (although Dreamworld, Balto, and Zenefits come to mind) given the scale. What is more troubling to me than outright scams is just brand dilution and noise. The classes have been rising and show no signs of stopping. With 300 companies per class now, I get the impression it’s a numbers game (we just need one big win to make up for all the duds) than anything really mission-driven.
- toomuchtodo 5y agoReturns are the mission as a fund. If you have this enormous pool of capital due to well placed bets (which YC has), would you not, over time, make more speculative bets to win even more over time? As your scale grows, the odds of suboptimal choices increases (even with domain expertise assisting in due diligence). The reputational risk is minimal, and bad eggs can be written off as mistakes/chance character failures.
- 0des 5y agoSure, in a vacuum where reputation is neither cumulative or tarnished beyond social repair you might be right, but that is not how it plays out. Enough bad bets and you won't see anything special in joining as the resources are spread too thin and the barrier too low.
- jacquesm 5y agoInstallmonetizer.