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Y Combinator Failed Startups

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31–40 of 197 posts

Re: Y Combinator Failed Startups

#32
post #17

How can you make a list of failed yc companies and not mention homejoy? $66m raised, bad operations, bas unit economics, lawsuits and an abrupt shutdown. All of that after being the calley darling for so long.

After stealing HomeJoy's customer DB for another start-up, she is now a YC partner...

Move fast and break things?

Re: Y Combinator Failed Startups

#34
A really good idea. Not at all the same social/economic climate as it was at the time but I couldn't help remembering https://en.wikipedia.org/wiki/Fucked_Company which really lent some perspective to industry when it was so hard to understand where the hell all these dotcoms came from and why not all of us were getting the millions.

Re: Y Combinator Failed Startups

#35
post #17

How can you make a list of failed yc companies and not mention homejoy? $66m raised, bad operations, bas unit economics, lawsuits and an abrupt shutdown. All of that after being the calley darling for so long.

It's clearly not a very complete list. I wish they had presented a more complete list, filterable by funding round, amount raised, year founded, year shut down, and maybe one or 2 other things.

Re: Y Combinator Failed Startups

#37
post #17

How can you make a list of failed yc companies and not mention homejoy? $66m raised, bad operations, bas unit economics, lawsuits and an abrupt shutdown. All of that after being the calley darling for so long.

After stealing HomeJoy's customer DB for another start-up, she is now a YC partner... Move fast and break things?

i dont know Adora and i'm sure she has useful things to teach people. however i really wonder if this clouds every interaction with people going through YC. it's kind of the huge elephant in the room.

Re: Y Combinator Failed Startups

#38
post #17

How can you make a list of failed yc companies and not mention homejoy? $66m raised, bad operations, bas unit economics, lawsuits and an abrupt shutdown. All of that after being the calley darling for so long.

After stealing HomeJoy's customer DB for another start-up, she is now a YC partner... Move fast and break things?

I guess people can brand themselves as "successful" after what is by all objective standards a spectacular failure.

I have no idea how impressive Adora is and I cannot speak to her qualifications, but HomeJoy should be a textbook example of an SV failure.

Re: Y Combinator Failed Startups

#40
post #17

How can you make a list of failed yc companies and not mention homejoy? $66m raised, bad operations, bas unit economics, lawsuits and an abrupt shutdown. All of that after being the calley darling for so long.

After stealing HomeJoy's customer DB for another start-up, she is now a YC partner... Move fast and break things?

The person who was accused of "stealing customer data" was the other co-founder - not Adora (CEO & now YC partner).

If you actually look into the details of the matter, what happened was that the co-founder acquired the failed company as it was put through a bankruptcy process.

People who weren't privy to the process thought it was stealing when it really wasn't different from any other acquisition.

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