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Paul Graham says you shouldn’t care and they will probably fail: https://twitter.com/paulg/status/1697761812698034630?s=46 https://twitter.com/paulg/status/169

by nico 3y ago

Paul Graham says you shouldn’t care and they will probably fail: https://twitter.com/paulg/status/1697761812698034630?s=46 https://twitter.com/paulg/status/1697761812698034630?s=46 https://twitter.com/paulg/status/1500779743804903427?s=46 https://twitter.com/paulg/status/1500779743804903427?s=46 Of course he’s completely wrong, but YC won’t really do anything about it (except maybe reap the benefits) For what it’s worth, I’m sorry this happened to you, it sucks At the same time, seems like you might be onto something and should just keep going strong Also, maybe you could apply to YC, they usually don’t care about funding competing companies

jacquesm 3y ago
Did you miss this bit above?: > As a female founder, having my app rejected by YC with this product, it just makes me angry.
- nico 3y ago
  I did miss it, thank you You can still apply multiple times after getting rejected. There’s plenty of stories of companies/founders that only got into YC after several rejections To be honest, if I were in their situation I wouldn’t apply again, but it could be a good move regardless
  - jacquesm 3y ago
    I'm not sure what YC's stance is on investing in established businesses, but in the VC world as a rule it is 'not done' to invest in multiple competitors active in the same field. That path is rife with conflicts of interest.
    - nico 3y ago
      You are right. Not sure about their official policy, but I know of multiple instances of where they’ve invested on competitors of their own companies Sometimes this happens without them even knowing, because they put money into a company very early on, then the company pivots and starts competing with another YC company
      - jacquesm 3y ago
        All of the VCs I'm involved with would definitely have a problem with that.
  - ewe 3y ago
    I'm not sure at this point I want to apply and talk about our company's vision and mission.
    - jacquesm 3y ago
      Obviously... that would make a whole pile of assumptions and my put you in an even more difficult spot.

by nico 3y ago

jacquesm 3y ago

Did you miss this bit above?: > As a female founder, having my app rejected by YC with this product, it just makes me angry.

nico 3y ago
I did miss it, thank you You can still apply multiple times after getting rejected. There’s plenty of stories of companies/founders that only got into YC after several rejections To be honest, if I were in their situation I wouldn’t apply again, but it could be a good move regardless
- jacquesm 3y ago
  I'm not sure what YC's stance is on investing in established businesses, but in the VC world as a rule it is 'not done' to invest in multiple competitors active in the same field. That path is rife with conflicts of interest.
  - nico 3y ago
    You are right. Not sure about their official policy, but I know of multiple instances of where they’ve invested on competitors of their own companies Sometimes this happens without them even knowing, because they put money into a company very early on, then the company pivots and starts competing with another YC company
    - jacquesm 3y ago
      All of the VCs I'm involved with would definitely have a problem with that.
- ewe 3y ago
  I'm not sure at this point I want to apply and talk about our company's vision and mission.
  - jacquesm 3y ago
    Obviously... that would make a whole pile of assumptions and my put you in an even more difficult spot.