3 ms·
ok here is a problem: Say you have a great idea (don't we all :)) But we don't know if either TechStars or Y-Combinator will actually accept our idea so to h
by yc1 20y ago
ok here is a problem:
Say you have a great idea (don't we all :))
But we don't know if either TechStars or Y-Combinator will actually accept our idea so to hedge our bets we apply to both. (of course YC is first option).
Now TechStars will send their results on Apr 5 and the deadline to accept, I think is Apr14 . This is before the Apr22 date when YC decides which companies it will fund.
So on Apr14: if you are one of the really good ideas that both TechStars and YC like - because of the timeline - you get into a dilema: if u say no to TechStars there is no guarantee that YC will accept u but if u say yes to TechStars - then u give up on your first choice without even getting a chance to hear the YC results.
Seems like a cunning way for TechStars to get all the best ideas this summer before YC can get them.
(I bet they try to pull this off every six months to try and steal all the best ideas...)
So, YC needs think about how to solve this potential issue - (maybe bringin the dates of their decisions??)
- pyc 20y agoI think this is going to backfire. Some of the start-ups they want will say no just because they are waiting on YC, then when YC turns them down, TS will have missed out on one of their top choices who now will have to seek a THIRD source of funding. Smart money is for that third VC to pick up YC's 9th through 16th choices, and any of TS's top 8 that turned them down waiting on a YC acceptance that never came through.