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I think the post tries to encourage more people to start startups and to apply to YC, however, I think the way this post is formulated, it gives the impression
by wellboy 12y ago
I think the post tries to encourage more people to start startups and to apply to YC, however, I think the way this post is formulated, it gives the impression that if you have a good idea you can simply apply, which I don't think is true at all. I think it would be really helpful to write that people should only apply to YC if they either have a track record or traction. Criterion 1 is Track record consists of these three things
1. Built/sold something impressive before
2. Worked at Facebook or Google
3. Graduated from Stanford
Criterion 2 is traction, which is either 10.000 users for consumer or $5.000 revenue for B2B after 6 months.
In summary, if the founder does not have a track record as described above or strong traction, she/he is very unlikely to get into YC. Explaining this will prevent people without a track record from thinking that they only have to have a good idea, because if you don't have a track record you need a really good idea with a huge market and traction to get in. I don't think many founders realise that.
I might be wrong, so I would love for others to critizise or add to my comment. I would love to hear about examples for instance, of a recent startup where the founders neither had a track record, nor traction.
- atom-morgan 12y agoIn terms of meeting your requirements, Ryan Hoover is a perfect example. I don't believe he'd sold a startup before, he isn't an ex-Facebook or Google employee, and he didn't go to Stanford. I'd randomly found him on Twitter roughly a year ago and suddenly I read a TechCrunch article about how a product he'd made is in YC. He came out of nowhere, so to speak.
- wellboy 12y agoHe is hitting hard the second criterion with hundreds of thousands of visitors. It is either track record, or traction. Traction trumps everything :)
- yeukhon 12y agoWhich to me, is the most fairest way to sell your idea to YC. If you have an idea people actually want and you have some work done, sell it. But the other two are certainly true. You are from Stanford, you probably can leverage some connections outside of YC.