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YC is creating venture-backed startups, where the nature of power-law returns necessitates aiming for "grand slams" (i.e. 100x outcomes following SeriesA fundin
by beambot 4y ago
YC 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.