4 ms·
While I agree with the points made in this post, it's important to note that the strategy of condemning offers with a short term plays in the favor of YC and ot
by Grae 12y ago
While I agree with the points made in this post, it's important to note that the strategy of condemning offers with a short term plays in the favor of YC and other established/larger accelerators and to the detriment of newer/smaller accelerators.
As others have noted, there may be compelling reasons to require an offer be accepted on a short timeline or not at all. In fact, as raised elsewhere in this thread, YC itself used to require acceptance the same day the offer was made.
From an entrepreneur's perspective, given two offers at equivalent valuations and terms it's rational to take the offer at the more established accelerator (e.g. YC) over a less well known one. It's also less important for large accelerators to allocate each open position in each cohort, and thus easier for larger accelerators (e.g. YC) to tolerate losing a few deals last minute.
Again, I agree with the points made in the post, but it's important to note that making longer term offers the norm plays in YC's favor.