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investors are willing to throw money on the basis of a 2 1/2 minute pitch just because it has Y Combinator attached I wish we could claim that. But YC's brand
by pg 15y ago
investors are willing to throw money on the basis of a 2 1/2 minute pitch just because it has Y Combinator attached
I wish we could claim that. But YC's brand is not that powerful. There are still startups that present at Demo Day and aren't able to raise money.
- cperciva 15y agoDo you have any sense of how much this is a function of the demo and how much it's a function of the idea? Or put another way: At the start of the YC program, do you have any sense of which teams will have trouble raising further funding, or does that wait until they've spent a few months writing code?
- pg 15y agoSometimes we can predict which companies will have trouble raising money, but it depends a lot on what happens during the 3 months. E.g. a pair of very nerdy founders will ordinarily have trouble raising money, but if they can make a graph rise steeply that problem tends to go away.
- cperciva 15y agoOk, so it's more often a function of the founders than it is you saying "this idea seems like one which will be really hard to sell"?