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Then why do you need the VC
by quest88 4y ago
Then why do you need the VC
- vmatsiiako 4y agoVCs are not gonna help you build your company (doesn't matter if it's YC or anyone else). As a founder, you're the only one responsible about what advice to follow or not (and very often you get conflicting advice from two very credible sources)
- groby_b 4y agoAs much as I think VC is problematic: Those folks have a host of previous experience. When they share advice with you, it's a distillate of seeing lots of companies go through similar things. And that's all any advice is - "based on what I've experienced before, here's what I see". You never should take advice unevaluated, but it's additional data that might help you to come to a better decision. If that additional data is worth enough to you is a separate question, but there's certainly value there.
- hindsightbias 4y agoBecause a lot of first-time founders have no idea what they're doing and other experts are at least experts whether they're 100% right or not. Anyone on Sand Hill is probably a better resource than some guy down the alley.
- JohnFen 4y agoHonestly, maybe you don't. But, as a serial entrepreneur for more decades than I like to think about, I can confidently say that there is one thing that you really do need: you need access to people experienced in business, preferable a similar sort of business to yours. You need their advice. YC can provide that, and has paved the path for it. You can also get it through many other avenues. But whether through YC or not, your business will be more likely to succeed if you can learn from what other people have already done.