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The analogy I was going for was that American Idol gives people without outlets to a record label a path to a record deal. YC gives teams a path to become an in
by ssharp 14y ago
The analogy I was going for was that American Idol gives people without outlets to a record label a path to a record deal. YC gives teams a path to become an investment-worthy company (or maybe even company successful enough to not need further investments).
However, this ends up supporting the VC = Record Label analogy that I don't think is strong.
- raverbashing 14y agoMakes sense, but yeah, VC as a Record Label is not really a good analogy Record Labels give much more support to their protégés, and "charge a higher fee" as well (VCs don't ask for 'creative control' of their startups as an example)