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The hypothetical cannot win. This article spelled out what everyone already had some fuzzy idea about. But there are too many variables to draw any valuable con
by dbul 17y ago
The hypothetical cannot win. This article spelled out what everyone already had some fuzzy idea about. But there are too many variables to draw any valuable conclusions.
Many founders share at least one goal: to get rich. To a lot of first time entrepreneurs this means, "Whatever works." If YC has a 50% success rate (if) and your option of angel investment has a 27% success rate, what would you do? OK, maybe you need to hire programmers, but 3 months of undivided attention and 2 quality hackers can produce results stunning. Goldenson is right, he is biased because he has been in the game for a while now. His advice may be helpful to some, but a lot of smart people go through YC's program. Why?
I hadn't even heard of Goldenson's self-described failed startup before yesterday. Yet, YC companies consistently get press as long as they are churning. If only we could factor these kinds of things into the equation. In his blog about his startup, Goldenson mentioned he spent $5,000 on PR. So what is YC's PR worth? This is just one example.
Too many variables, many not easily expressed monetarily.