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Probably the same reasons it funded JustinTV when the idea was live streaming Justin Kan’s life. YC bets on founders not ideas because that’s how they get Twitc
by brudgers 11mo ago
Probably the same reasons it funded JustinTV when the idea was live streaming Justin Kan’s life. YC bets on founders not ideas because that’s how they get Twitch paydays.
Remember that the “Air” in AirBnB came from the idea of renting air mattresses. Smart motivated people can have dumb ideas. Iterating from a dumb idea is how good ideas are made.
- raw_anon_1111 11mo agoThere is a such thing as survivorship bias - the overwhelming bad ideas fail spectacularly and disappear into obscurity. For every one success you can name I can easily pick out 9 that failed that were funded by YC. Of course those big successes outweigh the failures measured by profit to YC.