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So is the premise that Y Combinator is only for billionaire-wannabes?
by Sharlin 4y ago
So is the premise that Y Combinator is only for billionaire-wannabes?
- iso1631 4y agoThe irony is the only person I personally know who founded a startup (he's the CTO) which is valued at more than $1b never looks at HN. So I guess yes, it's the wannabes.
- drewcoo 4y agoIt might be useful to have a billionaire-wannabe honey pot . . . I'm sure I'm years behind the curve on that idea, though.
- satvikpendem 4y agoYC isn't just HN though. Was he funded by YC at all?
- beambot 4y agoYC is creating venture-backed startups, where the nature of power-law returns necessitates aiming for "grand slams" (i.e. 100x outcomes following SeriesA funding). If successful, this creates billionaires. So in a sense (though I wouldn't conflate cause & effect): Yes, YCombinator is looking for people who want to create companies that could reasonably result in the founders becoming billionaires. Worth noting: Not all companies can or should target this trajectory -- which just means VC might not be the right funding source.