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I imagine that the types of feedback you're suggesting, such as "market already saturated", would only be half of the story. A founder who is making such a mist
by BrandonM 13y ago
I imagine that the types of feedback you're suggesting, such as "market already saturated", would only be half of the story. A founder who is making such a mistake is automatically making a second mistake: not being good enough to realize the mistake in the first place.
A founder who fixes the one mistake pointed out by YC would be missing the big picture, likely making numerous other mistakes. I don't think that most applicants want to hear the truth, which is effectively, "Based on problems X, Y, and Z that we can see after a cursory analysis, we can only assume that you're not smart enough for other program, else you would have realized those problems yourself."
- tvo 13y agoMy entrepreneurial experience so far has been about making a lot of mistakes and learning from them. I think for a lot (but not all) of issues in startups and in life, "not being good enough" or "not smart enough" really just means "not having enough exposure or practice". Based on this view, constructive, specific feedback goes a long way in helping dedicated founders improve so that they too, can add value to society via their startup. I realize it is unfair to expect this from YC, considering they also have finite bandwidth. I wouldn't mind paying a reasonable fee for this type of feedback from YC and I suspect a lot of founders wouldn't either.
- BrandonM 13y agoI agree that entrepreneurship is a great opportunity to make and learn from mistakes in execution. It's also an opportunity to try completely new things that may or may not work. Other sorts of mistakes, though--like being ignorant of existing players, failing to explain why someone would use your product, or having no remote plan to profitability--are more troublesome. They indicate a lack of business acumen or even common sense that will make success incredibly unlikely. As with execution mistakes, you can learn these things through experience, too. However, I would not want to invest my time and money teaching them to someone unwilling or unable to learn those lessons on their own. Which gets back to my original point... Who wants to hear, "You seem to lack common sense"?