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Taking a contrarian viewpoint. Does the convergence of all talent into one team actually reduce the innovation in the startup ecosystem. Similar to your sports
by ub 12y ago
Taking a contrarian viewpoint. Does the convergence of all talent into one team actually reduce the innovation in the startup ecosystem. Similar to your sports analogy, the best games result when multiple talented teams fight it out. If all startups that become big are YC-funded, then we might see just the YC-influenced style of running a company whereas other models may not see the light of the day.
- philwelch 12y agoThat's because sports are inherently competitive endeavors. This isn't necessarily true of startup investing.
- krschultz 12y agoWhat? From my experience startup investing is ruthlessly competitive. Every VC backed startup I have worked at had competitors funded by other VCs.
- philwelch 12y agoBut it's not competitive in the same way sports are. If you're a basketball team, you only succeed by beating other basketball teams. If you're an investor, beating other investors isn't the definition of your job. It might happen incidentally, but not by definition.