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This is a fallacy. The deal other people get has no bearing on your company. Yes. If you compare what you did vs what they did. But really it's like winning th

This is a fallacy. The deal other people get has no bearing on your company. Yes. If you compare what you did vs what they did. But really it's like winning the lottery and complaining that some other winner bought less tickets. Imagine actually getting into YC and turning it down because someone you think is less worthy also got in. Tbh it sounds quite entitled. At worst those other companies are unrelated. At best they are inspiring.

bko 4y ago
I think its entitled to think that your idea is worth a multi-million dollar valuation without a single thing to show for it. If you get into YC and you actually have a product or revenue, it's almost certain that someone else would give you better terms because they care about product or revenue. It's like getting a 1600 on your SATs and going to a school that doesn't check your SATs. Is it the best school for you? Maybe, but prob not.
adam_arthur 4y ago
Just a signal that quality of the investments appears low these days. Obviously a big win can erase a lot of misplaced bets, but I wonder how many of the pure idea, low effort startups ended up reaching major success. To me it speaks of a non serious/committed entrepreneur, because the amount of cash that Y combinator supplies makes no material difference in the ability to actually bootstrap the project.
- edgyquant 4y ago
  I don’t agree with this. What I do think is there are lots of “firms” that suck up all the money and efficiency from a project. They have no real desire, or skill a lot of times, to build a successful app but instead to game jira and enjoy a steady stream of suckers. I’ve been through multiple YC companies now (arriving right after they were funded) and they all pretty much throw money to these code monkey shops that target YC and work with them. Not just that but I’ve met “scrum masters” who’s entire schtick was consulting YC firms (or other early stage startups) and brought to the table senior engineers of below or equal to mid level quality. I’d really hate to see how many founders with good ideas saw there time and effort wasted due to a trusting of firms like these.
  - adam_arthur 4y ago
    If the founding team can't build the actual product without immediately hiring outside consultants, the whole thing is doomed from the start.

bko 4y ago

I think its entitled to think that your idea is worth a multi-million dollar valuation without a single thing to show for it. If you get into YC and you actually have a product or revenue, it's almost certain that someone else would give you better terms because they care about product or revenue. It's like getting a 1600 on your SATs and going to a school that doesn't check your SATs. Is it the best school for you? Maybe, but prob not.

adam_arthur 4y ago

Just a signal that quality of the investments appears low these days. Obviously a big win can erase a lot of misplaced bets, but I wonder how many of the pure idea, low effort startups ended up reaching major success. To me it speaks of a non serious/committed entrepreneur, because the amount of cash that Y combinator supplies makes no material difference in the ability to actually bootstrap the project.

edgyquant 4y ago
I don’t agree with this. What I do think is there are lots of “firms” that suck up all the money and efficiency from a project. They have no real desire, or skill a lot of times, to build a successful app but instead to game jira and enjoy a steady stream of suckers. I’ve been through multiple YC companies now (arriving right after they were funded) and they all pretty much throw money to these code monkey shops that target YC and work with them. Not just that but I’ve met “scrum masters” who’s entire schtick was consulting YC firms (or other early stage startups) and brought to the table senior engineers of below or equal to mid level quality. I’d really hate to see how many founders with good ideas saw there time and effort wasted due to a trusting of firms like these.
- adam_arthur 4y ago
  If the founding team can't build the actual product without immediately hiring outside consultants, the whole thing is doomed from the start.