4 ms·

How many summer Y Combinator fundees decided not to continue with their startup and go back to school? and what were the reasons?

15 points by sharpshoot 20y ago

sharpshoot 20y ago
I know pollground decided to go back to school after getting y combinator funding
pg 20y ago
Going back to school is not identical with giving up. Some founders go back to school and keep working on the startup while there. However, those do so much worse than the people who work on the startup full-time that going back to school seems, in practice, not too far removed from a death sentence for a startup. Off the top of my head, I'd guess we've had about 8 startups where the founders went back to school. It doesn't only happen with summer batches. Founders from winter batches do it too. Usually the reason is that the startup isn't doing very well. However, that judgement depends a lot on how determined the founders are. One reason we now shy away from funding people still in school is that they often unconsciously want the startup to fail, because the idea of dropping out frightens them. A lot of startups look bad after 3 months. Someone who's out of school and has to make it work or get a job in a cubicle will say "don't worry, we'll figure out how to make it successful."
- danielha 20y ago
  Were there any of the (approx.) 8 groups where you felt: "These guys are really close to having something. It's a huge mistake for them not to continue pursuing this."?
  - pg 20y ago
    Yes, but that is not surprising, because the biggest predictor of success is determination. In startups, merely being determined to succeed tends to make it so, if you're reasonably smart and flexible. The Kikos are the only startup so far that has died of causes not of their own making. As everyone will soon realize when they launch justin.tv, they did not fail because of lack of balls.
    - python_kiss 20y ago
      Startups that execute with the end in mind do much better than those that code with ambiguity. Unfortunately, I feel that YC might be encouraging startups to not strategically plan ahead due to the emphasis put on "The original idea is not important because it will change anyway". Yes, ideas do change, but that does not give us the excuse not to make a long term plan before they do. Startups should always have a week long tactical plan and a rough strategic goal stretched upto three months. "If you don't know where you're going, you will end up somewhere else."
      - staunch 20y ago
        python_kiss "If you don't know where you're going, you will end up somewhere else." I prefer "Wherever you go, there you are" python_kiss "Startups should always have a week long tactical plan and a rough strategic goal stretched upto three months." It doesn't matter how well you plan, you're going to run into brick walls. Most startups run into one and say "Oh damn, I guess we lost, let's go home." (secretly relieved to be giving up) -- other startups say "Brick wall? Where's my sledge hammer, this thing is toast!"
        noisemaker 20y ago
        I gotta love a fellow buckaroo. As far as a typical outline or long term goal, from my experience with YC's quite a few of them have goals way off in the horizon. I do have to agree that a certain extent of the whole plan should not center around one solid idea, but an idea that can easily be remolded. This industry changes so fast, and it has no room for others that cannot change with it. Personally, I had a sledgehammer going into this from the get-go. I'm just waiting for those walls to finally use my shiny new hammer on.
      - zaidf 20y ago
        I gotta agree with you. Though everything in this argument depends on the relativeness of things, in general I do think as ADD'd coders we love to simply code the next thing that comes to our mind. And that has its advantages. But as I've realized, it can be super healthy to explore the other end and instead of simply coding the first idea you get, to do few days of contemplation of making the initial idea better. Get idea - Process idea - Code I think there is too much of "Get idea - Code it" going on in this audience. A little mix can really help.
- Alex3917 20y ago
  I would guess that most people afraid of dropping out lack the entrepreneur's mindset. That is: Purpose of school (to the entrepreneur): Train to MSPW Purpose of startup: MSPW When viewed from that angle, the only thing to fear is that you won't be able to hack it yet. (no pun intended)
  - nickb 20y ago
    MSPW?
    - jwecker 20y ago
      make something people want
danielha 20y ago
There will invariably be those who don't see the success they set out for, and they fall back to their original path. That's why a founder's commitment is so critical. When your one plan is to become a startup founder, regardless of school or any other factors, you will do your damndest to make something of value and succeed. It's part _doing_ it better than the next guy and _wanting_ it more than the next guy.
- python_kiss 20y ago
  That is a good point! Dropping out of school is analogous to "buring all your ships". Sun Tzu writes that "put your enemies in a spot where they have no place to go, and they will die before fleeting. If they are to die then, what can they not do? Warriors exert their full strength. When warriors are in great danger, then they have no fear. When there is nowhere to go, they are firm, when they are deeply involved, they stick to it. If they have no choice, they will fight to death." You do your "damndest" when your success depends on the success of your startup.
  - iamwil 20y ago
    That's kinda funny. I've always read that passage to mean, those are the types of armies you don't want to be fighting against, since the best victory is victory where you don't have to fight at all and the opposing side just gives up. I never thought of it as advice to put your own people in a corner, so they have no choice but to fight their way out. I suppose morale had better be high, or else instead of "Prepare for glory", one can "prepare for slaughter."
    - python_kiss 20y ago
      Three notable generals who successfully implemented this strategy are Tariq ibn-Ziyad, Hurnan Cortez, and Xiang Yu. They managed to take on armies many times their size by deliberately cutting off any channels of exit. Read more about them here: http://en.wikipedia.org/wiki/Tariq_ibn-Ziyad http://en.wikipedia.org/wiki/Tariq_ibn-Ziyad http://en.wikipedia.org/wiki/Hernan_Cortez http://en.wikipedia.org/wiki/Hernan_Cortez http://en.wikipedia.org/wiki/Xiang_Yu http://en.wikipedia.org/wiki/Xiang_Yu
jamongkad 20y ago
I guess it really depends on how hungry you are and how much you believe in your product. I'm only 24 and still in school as of the moment, yet I'm more than willing to leave school in order to initiate my start up. Come to think of it, I'm willing to travel half the world just to get advice and connections from YC.
- sharpshoot 20y ago
  Where are you based jamonklad?
  - pg 20y ago
    I better get to work on messaging.
zaidf 20y ago
For me school is a way to be connected to what is going on in the "real world". I entered school thinking it is EITHER school or entrepreneurship. But in last year my views have changed. I really think there is a middle path where you do JUST enough to stay in school all the while trying out new ventures. (May be the Steve Jobs route?) School is an awesome platform to launch your site off and get quick feedback - ESPECIALLY if your venture fits in with the social networking ecosystem.

15 points by sharpshoot 20y ago

sharpshoot 20y ago

I know pollground decided to go back to school after getting y combinator funding

pg 20y ago

Going back to school is not identical with giving up. Some founders go back to school and keep working on the startup while there. However, those do so much worse than the people who work on the startup full-time that going back to school seems, in practice, not too far removed from a death sentence for a startup. Off the top of my head, I'd guess we've had about 8 startups where the founders went back to school. It doesn't only happen with summer batches. Founders from winter batches do it too. Usually the reason is that the startup isn't doing very well. However, that judgement depends a lot on how determined the founders are. One reason we now shy away from funding people still in school is that they often unconsciously want the startup to fail, because the idea of dropping out frightens them. A lot of startups look bad after 3 months. Someone who's out of school and has to make it work or get a job in a cubicle will say "don't worry, we'll figure out how to make it successful."

danielha 20y ago
Were there any of the (approx.) 8 groups where you felt: "These guys are really close to having something. It's a huge mistake for them not to continue pursuing this."?
- pg 20y ago
  Yes, but that is not surprising, because the biggest predictor of success is determination. In startups, merely being determined to succeed tends to make it so, if you're reasonably smart and flexible. The Kikos are the only startup so far that has died of causes not of their own making. As everyone will soon realize when they launch justin.tv, they did not fail because of lack of balls.
  - python_kiss 20y ago
    Startups that execute with the end in mind do much better than those that code with ambiguity. Unfortunately, I feel that YC might be encouraging startups to not strategically plan ahead due to the emphasis put on "The original idea is not important because it will change anyway". Yes, ideas do change, but that does not give us the excuse not to make a long term plan before they do. Startups should always have a week long tactical plan and a rough strategic goal stretched upto three months. "If you don't know where you're going, you will end up somewhere else."
    - staunch 20y ago
      python_kiss "If you don't know where you're going, you will end up somewhere else." I prefer "Wherever you go, there you are" python_kiss "Startups should always have a week long tactical plan and a rough strategic goal stretched upto three months." It doesn't matter how well you plan, you're going to run into brick walls. Most startups run into one and say "Oh damn, I guess we lost, let's go home." (secretly relieved to be giving up) -- other startups say "Brick wall? Where's my sledge hammer, this thing is toast!"
      - noisemaker 20y ago
        I gotta love a fellow buckaroo. As far as a typical outline or long term goal, from my experience with YC's quite a few of them have goals way off in the horizon. I do have to agree that a certain extent of the whole plan should not center around one solid idea, but an idea that can easily be remolded. This industry changes so fast, and it has no room for others that cannot change with it. Personally, I had a sledgehammer going into this from the get-go. I'm just waiting for those walls to finally use my shiny new hammer on.
    - zaidf 20y ago
      I gotta agree with you. Though everything in this argument depends on the relativeness of things, in general I do think as ADD'd coders we love to simply code the next thing that comes to our mind. And that has its advantages. But as I've realized, it can be super healthy to explore the other end and instead of simply coding the first idea you get, to do few days of contemplation of making the initial idea better. Get idea - Process idea - Code I think there is too much of "Get idea - Code it" going on in this audience. A little mix can really help.
Alex3917 20y ago
I would guess that most people afraid of dropping out lack the entrepreneur's mindset. That is: Purpose of school (to the entrepreneur): Train to MSPW Purpose of startup: MSPW When viewed from that angle, the only thing to fear is that you won't be able to hack it yet. (no pun intended)
- nickb 20y ago
  MSPW?
  - jwecker 20y ago
    make something people want

danielha 20y ago

There will invariably be those who don't see the success they set out for, and they fall back to their original path. That's why a founder's commitment is so critical. When your one plan is to become a startup founder, regardless of school or any other factors, you will do your damndest to make something of value and succeed. It's part _doing_ it better than the next guy and _wanting_ it more than the next guy.

python_kiss 20y ago
That is a good point! Dropping out of school is analogous to "buring all your ships". Sun Tzu writes that "put your enemies in a spot where they have no place to go, and they will die before fleeting. If they are to die then, what can they not do? Warriors exert their full strength. When warriors are in great danger, then they have no fear. When there is nowhere to go, they are firm, when they are deeply involved, they stick to it. If they have no choice, they will fight to death." You do your "damndest" when your success depends on the success of your startup.
- iamwil 20y ago
  That's kinda funny. I've always read that passage to mean, those are the types of armies you don't want to be fighting against, since the best victory is victory where you don't have to fight at all and the opposing side just gives up. I never thought of it as advice to put your own people in a corner, so they have no choice but to fight their way out. I suppose morale had better be high, or else instead of "Prepare for glory", one can "prepare for slaughter."
  - python_kiss 20y ago
    Three notable generals who successfully implemented this strategy are Tariq ibn-Ziyad, Hurnan Cortez, and Xiang Yu. They managed to take on armies many times their size by deliberately cutting off any channels of exit. Read more about them here: http://en.wikipedia.org/wiki/Tariq_ibn-Ziyad http://en.wikipedia.org/wiki/Tariq_ibn-Ziyad http://en.wikipedia.org/wiki/Hernan_Cortez http://en.wikipedia.org/wiki/Hernan_Cortez http://en.wikipedia.org/wiki/Xiang_Yu http://en.wikipedia.org/wiki/Xiang_Yu

jamongkad 20y ago

I guess it really depends on how hungry you are and how much you believe in your product. I'm only 24 and still in school as of the moment, yet I'm more than willing to leave school in order to initiate my start up. Come to think of it, I'm willing to travel half the world just to get advice and connections from YC.

sharpshoot 20y ago
Where are you based jamonklad?
- pg 20y ago
  I better get to work on messaging.

zaidf 20y ago

For me school is a way to be connected to what is going on in the "real world". I entered school thinking it is EITHER school or entrepreneurship. But in last year my views have changed. I really think there is a middle path where you do JUST enough to stay in school all the while trying out new ventures. (May be the Steve Jobs route?) School is an awesome platform to launch your site off and get quick feedback - ESPECIALLY if your venture fits in with the social networking ecosystem.