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Well, recent events suggest that unfortunately there is a grain of truth to that assessment. A lot of the noise in blogs and twitter has been along the lines o

Well, recent events suggest that unfortunately there is a grain of truth to that assessment. A lot of the noise in blogs and twitter has been along the lines of "PG is an evil monster who hates women and foreigners and people of color and doesn't ever want to invest in their companies". None of which he said or implied, but that doesn't seem to have stopped the attacks. Hence, this recent article.

KirinDave 13y ago
> "PG is an evil monster who hates women and foreigners and people of color and doesn't ever want to invest in their companies". There are long-standing complaints with the structure and the predatory nature of YCombinator. It is very unusual and complaints center around how HN is essentially a very high-pressure situation designed to try and sell kids on the value of PG & YComb as investors on very small funding events. Personally, I don't think this article really justifies the behavior that has been consistently (if not as high-profile) that PG has had. His reported castigation and refusal to see people who have Indian accents is troublesome. It's very difficult to take his claims seriously when he affects fake russian accents while proclaiming his innocence.
- theorique 13y ago
  There's no question that YC has benefited greatly from PG's "propaganda" - and vice-versa. (That is, the success and growth of YC has given PG a lot more tangible stuff to write about, as opposed to 'thought experiments'.) I'm far from an insider so I can't speak to whether a person or team should go for YC funding or not. Or whether the system is biased against people with Indian accents (your comment is the first I've heard of that, actually). Clearly, a team with potential success ahead of them ought to consider their options carefully and see whether applying to YC is right for them. And, if they get in, whether doing the program is the most valuable use of their next few months. A founding team needs to look beyond the hype and headlines and determine what the best deal is - but that's hardly YC's fault if they present themselves in the best possible light.
  - KirinDave 13y ago
    > Clearly, a team with potential success ahead of them ought to consider their options carefully and see whether applying to YC is right for them. It seems like this step is precisely what the YCombinator process is meant to complicate. The entire structure is designed to make it feel like a competition for PG's attention. By structuring it this way, it makes it much more likely that the people who "win the competition" will say yes to YComb. And YComb moves fast! People tell me there isn't a lot of time to think. Implicit in YComb's structure is the statement, "There are a dozen people in line behind you that will take your place." It's all very American Idol.
    - theorique 13y ago
      It seems like this step is precisely what the YCombinator process is meant to complicate. The entire structure is designed to make it feel like a competition for PG's attention. By structuring it this way, it makes it much more likely that the people who "win the competition" will say yes to YComb. I suspect that vibe emerges from the scaling aspect of things - if a regular VC firm invests in N deals a year and YC does 10N [], then there is no need to 'create' a competition for the attention of PG and the other principals. It will just emerge out of the large number of portfolio companies. (And this is not unique to YC, but may be exaggerated - VC firms are notoriously busy for the same reason.) And YComb moves fast! People tell me there isn't a lot of time to think. Implicit in YComb's structure is the statement, "There are a dozen people in line behind you that will take your place." It's all very American Idol.* Again, this sounds like a scaling issue. If you're investing in fewer companies, you can spend more time hand holding with the teams of each one. HUman attention is the thing that doesn't scale, so it makes sense that it is the thing in short supply. It sounds to me like teams need to precompute their responses to lots of possible situations. And get as much information about the downside of participating as possible, beyond the headlines and the hype. But this is the kind of suggestion that I'd give anybody considering YC (or a job, or the military, or a college, or a grad school, or a training program). [*] I don't know if these numbers are accurate, but the point is that YC is well known to do many more, smaller deals than VC firms.
      - 13y ago
- coffeemug 13y ago
  There are long-standing complaints with the structure and the predatory nature of YCombinator. It seems like a "good deed never goes unpunished"-type situation. YC partners are both independently wealthy and brilliant. They could choose to do anything they wanted with their time, or nothing at all, and they'd still be fine. Instead, they chose to dedicate themselves to coaching people and sharing their expertise to teach people to build companies. Men, women, foreigners, everybody. The selection process for getting into YC is the most open you'd ever find anywhere. The paperwork is open-source for heaven's sakes! Could you suggest a couple of things they could do to make the process less "predatory"?
  - KirinDave 13y ago
    > Instead, they chose to dedicate themselves to coaching people and sharing their expertise to teach people to build companies. You know, most of the good venture capital firms and angels who enter in on seed rounds do this. > Instead, they chose to dedicate themselves to coaching people and sharing their expertise to teach people to build companies. Men, women, foreigners, everybody. I'd love to know the ratio of male founders who apply to the number that get funded vs. the ratio of female ones. Did PG publish this data? > Could you suggest a couple of things they could do to make the process less "predatory"? Not structure it like American Idol, for starters. With the possible exception of pre-everyone-goes-on-summer-vactation, most agencies don't structure their funding around some kind of audition structure. They make appointments and develop leads as they see fit, trying to talk to companies when they're actually read to do funding. Of course, many venture firms out there are sleazy and lots of people are working on ideas that won't interest the top tier firms. But personally I've always felt like everything about the YComb process was design to fool young Stanford undergrads into taking what, honestly, is a kinda mediocre funding deal unless YComb is basically the biggest value-add ever.

KirinDave 13y ago

> "PG is an evil monster who hates women and foreigners and people of color and doesn't ever want to invest in their companies". There are long-standing complaints with the structure and the predatory nature of YCombinator. It is very unusual and complaints center around how HN is essentially a very high-pressure situation designed to try and sell kids on the value of PG & YComb as investors on very small funding events. Personally, I don't think this article really justifies the behavior that has been consistently (if not as high-profile) that PG has had. His reported castigation and refusal to see people who have Indian accents is troublesome. It's very difficult to take his claims seriously when he affects fake russian accents while proclaiming his innocence.

theorique 13y ago
There's no question that YC has benefited greatly from PG's "propaganda" - and vice-versa. (That is, the success and growth of YC has given PG a lot more tangible stuff to write about, as opposed to 'thought experiments'.) I'm far from an insider so I can't speak to whether a person or team should go for YC funding or not. Or whether the system is biased against people with Indian accents (your comment is the first I've heard of that, actually). Clearly, a team with potential success ahead of them ought to consider their options carefully and see whether applying to YC is right for them. And, if they get in, whether doing the program is the most valuable use of their next few months. A founding team needs to look beyond the hype and headlines and determine what the best deal is - but that's hardly YC's fault if they present themselves in the best possible light.
- KirinDave 13y ago
  > Clearly, a team with potential success ahead of them ought to consider their options carefully and see whether applying to YC is right for them. It seems like this step is precisely what the YCombinator process is meant to complicate. The entire structure is designed to make it feel like a competition for PG's attention. By structuring it this way, it makes it much more likely that the people who "win the competition" will say yes to YComb. And YComb moves fast! People tell me there isn't a lot of time to think. Implicit in YComb's structure is the statement, "There are a dozen people in line behind you that will take your place." It's all very American Idol.
  - theorique 13y ago
    It seems like this step is precisely what the YCombinator process is meant to complicate. The entire structure is designed to make it feel like a competition for PG's attention. By structuring it this way, it makes it much more likely that the people who "win the competition" will say yes to YComb. I suspect that vibe emerges from the scaling aspect of things - if a regular VC firm invests in N deals a year and YC does 10N [], then there is no need to 'create' a competition for the attention of PG and the other principals. It will just emerge out of the large number of portfolio companies. (And this is not unique to YC, but may be exaggerated - VC firms are notoriously busy for the same reason.) And YComb moves fast! People tell me there isn't a lot of time to think. Implicit in YComb's structure is the statement, "There are a dozen people in line behind you that will take your place." It's all very American Idol.* Again, this sounds like a scaling issue. If you're investing in fewer companies, you can spend more time hand holding with the teams of each one. HUman attention is the thing that doesn't scale, so it makes sense that it is the thing in short supply. It sounds to me like teams need to precompute their responses to lots of possible situations. And get as much information about the downside of participating as possible, beyond the headlines and the hype. But this is the kind of suggestion that I'd give anybody considering YC (or a job, or the military, or a college, or a grad school, or a training program). [*] I don't know if these numbers are accurate, but the point is that YC is well known to do many more, smaller deals than VC firms.
    - 13y ago
coffeemug 13y ago
There are long-standing complaints with the structure and the predatory nature of YCombinator. It seems like a "good deed never goes unpunished"-type situation. YC partners are both independently wealthy and brilliant. They could choose to do anything they wanted with their time, or nothing at all, and they'd still be fine. Instead, they chose to dedicate themselves to coaching people and sharing their expertise to teach people to build companies. Men, women, foreigners, everybody. The selection process for getting into YC is the most open you'd ever find anywhere. The paperwork is open-source for heaven's sakes! Could you suggest a couple of things they could do to make the process less "predatory"?
- KirinDave 13y ago
  > Instead, they chose to dedicate themselves to coaching people and sharing their expertise to teach people to build companies. You know, most of the good venture capital firms and angels who enter in on seed rounds do this. > Instead, they chose to dedicate themselves to coaching people and sharing their expertise to teach people to build companies. Men, women, foreigners, everybody. I'd love to know the ratio of male founders who apply to the number that get funded vs. the ratio of female ones. Did PG publish this data? > Could you suggest a couple of things they could do to make the process less "predatory"? Not structure it like American Idol, for starters. With the possible exception of pre-everyone-goes-on-summer-vactation, most agencies don't structure their funding around some kind of audition structure. They make appointments and develop leads as they see fit, trying to talk to companies when they're actually read to do funding. Of course, many venture firms out there are sleazy and lots of people are working on ideas that won't interest the top tier firms. But personally I've always felt like everything about the YComb process was design to fool young Stanford undergrads into taking what, honestly, is a kinda mediocre funding deal unless YComb is basically the biggest value-add ever.