3 ms·
My 2 cents: He is correct that YCombinator is running little risk doing what it does at this point. That seems pretty obvious now - though it was not when they
by arbuge 13y ago
My 2 cents: He is correct that YCombinator is running little risk doing what it does at this point. That seems pretty obvious now - though it was not when they started. Accelerators were a novelty back then, and YC could have fallen flat on its face.
YCombinator is a pretty low risk deal for entrepreneurs too, come to think of it. Perhaps the author misses this point. If your startup does fail and/or you get tired of the startup game, there's probably a large number of companies willing to take you on as an employee, given the skillset you likely had to get into YC.
- ballard 13y agoNow there's some guy in every coffee shop claiming to have an accelerator without any idea how to succeed (specialize/differentiate). They're 95% wooly propositions with the occasional one that can sell nontrivial epsilon of value. My favorite so far is this guy that hangs out at a cafe near Stanford that has alienated everyone in his potential "deal-flow" by anger outbursts on conference calls and generally acting like a dick.
- arbuge 13y agoSpeaking of bad accelerators: http://www.davidgcohen.com/2013/08/29/a-shocking-accelerator-story-that-youll-need-to-read-twice/ http://www.davidgcohen.com/2013/08/29/a-shocking-accelerator...
- achompas 13y agoThis is faulty though, no? You're risking your best alternative to eating ramen over the course of those N years. That alternative is very, very high for anyone getting into YC at this point.