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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
by 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 agoI 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 agoIf the founding team can't build the actual product without immediately hiring outside consultants, the whole thing is doomed from the start.