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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 tangib

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.
  - KirinDave 13y ago
    > 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. Isn't human coaching the primary asset that YComb offers though? It's certainly not money, HN seed rounds are not exceptionally large, and they aren't unusually early.

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.
- KirinDave 13y ago
  > 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. Isn't human coaching the primary asset that YComb offers though? It's certainly not money, HN seed rounds are not exceptionally large, and they aren't unusually early.