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Good idea. It would be great to see a lot of incubators popping up, as it can have a significant impact on the overall economy. It is not the funding that is t
by dejan 17y ago
Good idea. It would be great to see a lot of incubators popping up, as it can have a significant impact on the overall economy.
It is not the funding that is the main reason for applying. Although some small amount of money is great to cover living costs so that you can devote full time to your project, it can be handled differently. What I think most of the people here are interested in is the post funding period - getting big investments and connections through those that already did the talk and walked the walk. Note that I am not referring to YC only, but also to all those that YC helped or involved. There is a lot to learn from such condensed entrepreneurial community.
However, don't idolize YC. They are not best. They are not even the first ones to do so. They are just best known and publicized.
I would highly recommend doing a criticizing and constructive thesis. That is - seeing the shortcomings of YC and suggestions on how to do it better. Your question to HN should be how to do it better?
Such thesis is benefiting to all then, YC and other that are copying the model, but most of all - us :)
- jedc 17y agoMy instinct is that I agree. But YC seems to be the top-tier choice for companies applying to the whole group of incubator-type programs. Is that because YC is seen as a better/bigger step toward connections and further investment?
- rms 17y agoIt's not just that YC is seen as better; by the numbers alone they offer the best outcomes of any of the micro incubators/micro seed stage funds.
- jedc 17y agoI would love to be able to verify that, though I agree it looks to be true. My dream would to get a fairly comprehensive list of startups to come from all of the different programs, and see which of those are a) still in business, b) received follow-on funding, and c) exited. I know PG has these stats for YC, I'm just curious if he would share.
- alex_c 17y agoCouldn't that be partly because YC has had a head start, and its companies have had more time to grow than the newer micro incubators?
- rms 17y agoThat's certainly one of the reasons that the numbers are so favorable.