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People have been predicting the pop for a while now, I don't think that YC being picky (< 2% of applicants make it) is a sign of the apocalypse. They hit scali
by RKoutnik 14y ago
People have been predicting the pop for a while now, I don't think that YC being picky (< 2% of applicants make it) is a sign of the apocalypse.
They hit scaling problems, so what? It's not indicative of a larger problem.
- stcredzero 14y ago>> Ah, so the present Silicon Valley bubble is about the pop. Note he said "about the pop," and not "about to pop."
- eli_gottlieb 14y agoThat was a typo.
- stcredzero 14y agoOh, I read it as "about the pop" -- that it's about the small percentage of companies that hit it big.
- asveikau 14y agoProbably meant "about the pope"?
- eli_gottlieb 14y agoI know Y Combinator is selective. However, claiming a 0% false-positive rate is just plain denial. Or possibly a redefinition of "bad" start-up or "bad" founders. It comes across as arrogance, and "pride comes before a fall" and all that. I would also definitely say that the Valley hype machine has been producing what sounds an awful lot like its famous irrational exuberance lately, yet meanwhile VC returns-on-investment are not actually that good.
- btilly 14y agoHowever, claiming a 0% false-positive rate is just plain denial. But that is not what he claimed. He described what he meant, and what he described says that he could see about 90% of the startups being in sufficiently good shape that they could still win big. That means that he thinks about 10% are definitely failing right now.