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Thanks for sharing this. I have one question: given similar quality of applications, is it just a dice roll? I am asking this as a trying founder who: - has
by brainless 2y ago
Thanks for sharing this. I have one question: given similar quality of applications, is it just a dice roll?
I am asking this as a trying founder who:
- has built early stage engineering at multiple startups
- has applied many times and been rejected
- is reading about many others who have been rejected and ended up building without funding
It does not change my chances but it would expand my perspective.
- dang 2y agoI don't think it's just a dice roll, no, but it's a helpful metaphor for communicating the 'what have you got to lose' sentiment. But I don't think I understand your question fully - do you want to explain?
- brainless 2y agoHey, thanks for getting back to me. What I mean to ask is: given high number of applications, how does YC generally pick within a bucket of similar applications? Similarity based on domain, product status, etc. If there are 40 which are quite similar, what then?
- dang 2y agoI'm not involved in the process so not the best person to answer but I think it boils down to: team, team, team. Not that YC assesses every team perfectly, of course, but it's the principle. Domain, product, and so on, are relevant, but mostly for what they reveal about a team. If there's already a product with users and/or revenue, it proves that these founders a.k.a. the team is able to build a product that gets users and/or revenue, which is the kind of team YC wants to fund. For example.
- brainless 2y agoThanks for sharing this.