3 ms·
You can't simply say that it's meritorious to work hard at whatever it is that makes one succeed. Otherwise any non-randomised culture is meritocratic. For meri
by philh 12y ago
You can't simply say that it's meritorious to work hard at whatever it is that makes one succeed. Otherwise any non-randomised culture is meritocratic. For meritocracy to be a meaningful term, the concept of merit needs to be detached from real-world success.
Which isn't to say that network-building isn't meritorious, but you can't use that particular argument for it.
(It's also not relevant how meritocratic SV culture is in other areas.)
- mlichtenstern 12y agoIt is fair to say that the YC experience adds value to the companies that participate - even if only by virtue of screening and vetting companies for investors - although that is clearly not the only benefit. For a company that comes in as an idea, and has no revenue / implicit value, the equity (in exchange for funding and value add) makes sense. Companies are not obliged to apply if they don't see value.