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Heard in an interview that it was due to the much more competitive climate, inflated seed valuations, and an overwhelming number of applications.
by sn0w_crash 4y ago
Heard in an interview that it was due to the much more competitive climate, inflated seed valuations, and an overwhelming number of applications.
- O__________O 4y agoInterview I recently with Michael Seibel tried to spin it as if they were looking out for founders, which to me is the opposite of what this does. True founders accept risks and value community. _________ Interview with YC’s Michael Seibel - https://news.ycombinator.com/item?id=32988644 https://news.ycombinator.com/item?id=32988644 Michael Seibel - https://wikipedia.org/wiki/Michael_Seibel https://wikipedia.org/wiki/Michael_Seibel
- latexr 4y ago> True founders accept risks and value community. That’s a no true Scotsman fallacy: https://en.wikipedia.org/wiki/No_true_Scotsman https://en.wikipedia.org/wiki/No_true_Scotsman
- O__________O 4y agoFair enough — but YC explicitly states a core value of being part of it is the community, especially B2B startups who frequently get their first customers from prior YC alumni companies.
- dotcoma 4y agoFair enough; but offering more money is going to attract more applications, isn’t it?
- O__________O 4y agoAs is, application process to me is broken. For example, prior to hitting submit, there’s no indication of how you’re being scored or what your score is. Sure, some might try to game the system, but ultimately it’s very hard to fake true progress and YC knows this based on experience. In my experience, huge percentage of founders applying likely do not even understand what YC wants - and how founders without money can show they fit YC’s needs.