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Of the twelve startups founded since 2007 that have reached a billion dollar valuation, two of them were funded by YC and another of them was founded by a YC al
by ig1 14y ago
Of the twelve startups founded since 2007 that have reached a billion dollar valuation, two of them were funded by YC and another of them was founded by a YC alumni. It's crazy to say that's a bad outcome.
It's a mistake to think getting into an accelerator is about getting access to VC. VCs are probably the most connected people in the startup industry, pretty much anyone with a good startup can get an intro to any VC they want within two degrees of separation.
The point about pivoting is particularly wrong, a substantial number of YC funded startups have pivoted during their YC period and raised successfully on or before demoday.
Someone who argues mentors are no use while you're in the process of building your startup has obviously never built a startup.
- vidar 14y agoCan you list these 12 companies? (Which one was founded by a YC alumni?)
- ig1 14y agoInstagram, Pinterest, Square, Dropbox, Evernote, Yammer, Groupon, AirBnB, Gilt, LivingSocial, Nicira and Zynga (Although depending on your criteria you might want to include Hulu, Vancl, Rovio and Wonga in that list too taking it to 16) Pinterest founder Ben Silbermann previously founded MightyQuiz (YC W08).