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Why is that interesting to you? Do you have a contrasting point of view to share? Do you have experience with startups and/or venture capital? I have no involv
by dahart 2y ago
Why is that interesting to you? Do you have a contrasting point of view to share? Do you have experience with startups and/or venture capital?
I have no involvement with YC, but with a little startup and VC pitching experience, I can tell you that in my experience, lots of VCs like the idea of founders doing something incremental that builds on successful ideas. The article notably did not compare YC to any other VCs, but the truth is likely that all VCs “often” back startups that duplicate others in some way. VCs will tell you not to build something original, because there’s no demonstrated market for it. And statistically they’re right, your chances of success with an unproven idea are lower than with an incremental change to something people already buy. The article also notably did not talk about how often startups duplicate other businesses on their own, before there’s VC involvement. In that sense, despite the claim in the title that there’s data, the article is unscientific.
This article struck me as one of those “studies” that shows something everyone already knows, and the title kinda seems designed to sound dramatic and/or accusatory to appeal to readers drawn to controversy even if there isn’t really any controversy there.