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People with the ability to give good advice are probably an indispensable part of the system. But it does not necessarily follow that these specific people are.
by netsp 17y ago
People with the ability to give good advice are probably an indispensable part of the system. But it does not necessarily follow that these specific people are. Then again, maybe that is the case.
If so then the answer to the main question is no, the success of YC does not have implications that are useful generally. I don't discount that as a possibility.
- pg 17y agoI think the most general implication is that it works to give smaller amounts of funding to larger numbers of startups. This is an insight that could be incorporated into every step of the funding process. I'm constantly pushing later stage investors to do more, smaller, faster deals. They are starting to, but slowly.