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I definitely mean no disrespect to PG, but I tire of these 'clone' programs being dumped on in every thread about them.
by rjurney 18y ago
I definitely mean no disrespect to PG, but I tire of these 'clone' programs being dumped on in every thread about them.
- ajju 18y agoHere's an anecdote about skepticism towards YC that may be somewhat instructive: In 2005 after I attended Startup School and I learnt about YCombinator, I mentioned it to a well known and successful entrepreneur (who I know knows pg). The first thing he said: "Taking 5% for 5-10 grand is rape". He went on to clarify he didn't think pg is a bad guy but... Since then, startup after startup has shown how much value the YC program has provided in exchange for that 5% stake to the point where I bet a majority of young first time entrepreneurs today consider applying to YC. My point is the same as @lanceweatherby 's. Let's wait for the these new funds to get some results before we judge them.