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YC can afford to take risks and fund people on first impressions, that's their whole thing if you think about it.
by whatshisface 4y ago
YC can afford to take risks and fund people on first impressions, that's their whole thing if you think about it.
- brudgers 4y agoMy take is that YC can’t afford not to operate that way. My impression is the Decision Matrix looks like. High Low Execution Execution Good Maybe No Idea Bad Maybe No Idea The idea does not matter much because it is easy to use an external source for ideas when a team has a bad idea or no idea. On the other hand, there’s no external way to fix low execution. The other thing is that it is often hard to tell good new ideas from bad new ideas in the context of startups. So idea is often a weak signal. As the GP argued, everyone has startup ideas.