3 ms·
Jason, seems you've taken this personally. I apologize if I offended you or other YC companies in any way. That was not the intention, but may be picked up from
by stefanobernardi 14y ago
Jason, seems you've taken this personally. I apologize if I offended you or other YC companies in any way. That was not the intention, but may be picked up from the post.
I'm not saying that every investor that invested in YC companies did so blindly, I'm saying that it's not normal that every startup that comes out of YC has these high valuations, and that is unsustainable for the ecosystem.
Often times investor demand picks up based on the brand and that drives up the valuation, while some other really awesome companies don't get the deserved attention just because they don't have the brand. Those could be big winners and are also cheaper. I'm not saying that investors that invest in YC cos are tricked and that they're not smart. They try to lower their risk basing on the fact that PG vetted and formed those companies, which is completely understandable.
Again, sorry if you were offended. Would love to debate more if you want, I'm pretty easy to get a hold of.
- jasonshen 14y agoI'm not offended or really looking to debate. Since you posted this on Hacker News, I wanted readers to know about the article's inaccuracies about YC's stance on valuations and the hyperbole of your statements regarding why investors choose YC companies. Your comments here are much more reasonable than the actual post, which unfortunately still contains the issues I wrote about initially.